Fiscal Balance in Paraguay
Paraguay - Fiscal BalanceAvailable data shows the coronavirus crisis has stopped the economic recovery in its tracks. Although activity surged in January-February, underpinned by a strong performance of the services, agricultural and construction sectors, credit extension weakened markedly in March, while exports fell in the same month and contracted even more sharply in April. As part of efforts to cushion the economic impact of the crisis, in early April the government suspended the Fiscal Responsibility Law, which sets a deficit limit of 1.5% of GDP, and has ramped up public investment, which surged by almost 50% in January-April. This has translated into a widening deficit, prompting Fitch Ratings to warn that the move could lead to permanent changes to the fiscal rule. Meanwhile, on 21 April the IMF approved the disbursement of USD 274 million to help the country absorb the economic shock.
Paraguay - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.3||-1.1||-1.1||-1.3||-2.8|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||6,453||0.18 %||Jan 01|
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