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While economist Sergio Sapena advocates raising Paraguay's debt to 70% of GDP to finance development, the Santiago Peña government has already issued $5.4 billion in bonds, and experts warn of the risks of accelerated indebtedness amid fiscal deficits.
mefsantiago-penaParaguay's Ministry of Economy and Finance made compensation payments to 46 victims of the Stroessner dictatorship, while 18 other beneficiaries had payments suspended due to pending documents.
mefbanco-nacional-de-fomentolambareParaguay's new SIARA system has already enabled thousands of people and legal structures and processed over 87,000 requests since its implementation in January.
simplemefParaguay's Ministry of Economy will begin a comprehensive review of the public budget and seek a loan to settle accumulated debts with Health Ministry suppliers.
mefoscar-loveraPresident 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-lopezParaguay has assumed the presidency of the Network of National Public Investment Systems of Latin America and the Caribbean (Red SNIP) for the first time, for the 2026-2028 period, and has presented its progress in incorporating climate criteria and evolving towards a more strategic National Public Investment System.
mefThe Paraguayan Ministry of Economy and Finance will hold its third public bond issuance of the year this Wednesday, a reopening of two series maturing in 2030 and 2035, through the Asunción Stock Exchange.
mefThe IPS, the largest holder of public funds in the Paraguayan banking system, is considering investing abroad after reaching its legal investment limit in the sector.
ipsmefuenoisaias-fretesThe deficit of Paraguay's Public Sector Pension Fund (Caja Fiscal) reached US$216 million in the first half of 2026, financed by the National Treasury, with the military, police, and teaching sectors being the primary contributors, while a reform approved by President Santiago Peña is considered a stopgap solution.
caja-fiscalmefThe Asunción Stock Exchange (BVA) projects a new historic record for operations in 2026, with the expectation that the National Treasury will resume issuing public bonds through the exchange starting in July. This follows a two-year period during which issuances were made exclusively by the Central Bank.
bonos-del-tesoromefSpending on salaries in Paraguay's Central Administration grew 8.3% through May 2026 and now accounts for 53% of tax revenue, while tax collections rose just 1.2%, prompting the government to announce austerity measures.
mefcaja-fiscalEconomists 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-lopezEconomist Luis Rojas criticized the economic model of Santiago Peña’s government in Paraguay, highlighting contradictions between the growth rhetoric and fiscal challenges, such as the public debt reaching a historic level of USD 21.7812 billion in the first four months of 2026, representing 36.2% of GDP, along with low tax revenue, poor public services, labor informality, and foreign direct investment of only USD 400 million in 2024.
mefluis-rojasaccionThe Paraguayan government's debt to construction companies remains at US$300 million despite payments made in April and May, according to Capaco, which rejected the factoring system proposed by the Ministry of Economy and Finance (MEF), considering it unfeasible due to the high interest rates charged by financial institutions.
jose-luis-heiseckemefsergio-sapenaThe government of Paraguay published Decree No. 6120, signed by President Santiago Peña and Minister of Economy and Finance Óscar Lovera, establishing austerity measures to optimize, prioritize, and efficiently manage public spending in the 2026 National Budget, prioritizing expenditures on health, education, security, and social programs, while imposing restrictions on operational spending and non-essential procurement.
mefsantiago-penaoscar-loveraOfficial spreadsheets from the Ministry of Economy and Finance (MEF) reveal that Ueno Bank, linked to former partners of President Santiago Peña, increased its state deposits in foreign currency by more than US$102 million between December 2025 and April 2026, taking advantage of the dollar's depreciation on the local market. The funds include resources from the Social Security Institute (IPS).
ueno-bankgrupo-vazquezmefsantiago-penaData from the Ministry of Economy and Finance show that civil servant remuneration consumed G. 7.9 trillion in the first four months of 2026, driven by strategic sectors. In contrast, transfers for works and infrastructure fell to G. 1.1 trillion, with a sharp decline in public credit resources.
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