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Former Finance Ministers warn that Paraguay's tax capacity has reached its limit and that the growing fiscal deficit may be a structural problem, advocating for greater efficiency in public spending.
benigno-lopezoscar-loveraoscar-llamosascesar-barretoThe Peña government is preparing a temporary increase in the deficit cap while paying US$1.27 billion in quantified legacy debts and planning a return to the 1.5% of GDP limit in 2028.
santiago-penaoscar-loverabenigno-lopezPresident Santiago Peña and Economy Minister Óscar Lovera met with former ministers, who warned that recognizing a $280 million hidden debt with health sector suppliers will push the fiscal deficit close to 4% of GDP, missing the 1.5% target set for 2028.
mefoscar-loverasantiago-penabenigno-lopezEconomists assessed that the austerity measures announced by the Ministry of Economy and Finance (MEF) will have a marginal impact on Paraguay's public accounts and do not address the structural problems of the fiscal deficit.
mefluis-rojasbenigno-lopez