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Economist Sergio Sapena warns that Paraguay’s actual fiscal deficit, estimated at 4% with accumulated debt of around 2 billion dollars, threatens the country’s investment grade. He recommends transparency in the figures and increasing the deficit to 6% to stimulate strategic sectors.
sergio-sapenadeficit-fiscalThe 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-heiseckesergio-sapenaDelays in paying Paraguayan government debts, totaling $1.5 billion in 2025, have already generated over $200 million in extra costs, according to economist Sergio Sapena. He points to three negative effects of the arrears and advocates raising the fiscal deficit to 6% of GDP as a solution.
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