Paraguay: public finances

What is Paraguay's budget deficit?

Paraguay's central government deficit was ₲11.5 trillion, 2.9% of GDP, over the twelve months to August 2026, according to the Ministry of Economy and Finance SITUFIN report. The deficit for January to August alone was ₲6.99 trillion, 1.7% of GDP. The Ministry aims to close 2026 with a deficit of 3.2% of GDP.

Revenue grew 1.2% in the first eight months, held back by lower income from the binational dams, while spending grew 10.7%. SITUFIN figures are preliminary and cover the central administration, measured as net lending or borrowing under the IMF's 2001 government finance methodology.

Official sources: MEF: SITUFIN report, August 2026 · MEF: SITUFIN

What is Paraguay's national debt?

Paraguay's gross general government debt was 38.2% of GDP in 2025, according to the IMF World Economic Outlook, down from 44.6% in 2024. The IMF projects 36.6% for 2026.

The Ministry of Economy and Finance's public debt directorate reports Paraguay's international bond issues in US dollars; its 13th issue raised US$1.3 billion, of which US$294.2 million financed the 2026 budget. A national debt-to-GDP series could not be found on the Ministry's site today.

Official sources: IMF World Economic Outlook: general government gross debt, Paraguay · MEF: international bonds in figures

How much of Paraguay's budget has been spent?

Paraguay's central administration had spent ₲53 trillion by the end of September 2026, 62% of the budget approved for the year, according to the Ministry of Economy and Finance. Salaries took ₲18 trillion (35%) and transfers ₲15 trillion (29%).

The executive branch accounted for 94% of spending. Within it, the Ministry of Economy and Finance had the largest share (35%), followed by Education and Science (17%) and Public Health (14%). Two thirds of spending was funded from Treasury resources, 17% from borrowing and 16% from institutions' own revenue.

Official sources: MEF: Central administration executed 62% of the 2026 budget

What is Paraguay's debt to GDP ratio?

According to the IMF, general government gross debt in Paraguay was 38.2% of GDP in 2025. The peak was 44.6% of GDP in 2024 and the low 11.1% of GDP in 2011. Across Latin America & Caribbean the middle value was 65.6% of GDP, and Paraguay placed 26th highest of 31. World rank, highest first: 134th of 185.

What is Paraguay's fiscal deficit?

The latest figure from the IMF, for 2025, is -1.7% of GDP (a deficit). The peak was 2.3% of GDP in 2008 and the low -5.7% of GDP in 2020. Latin America & Caribbean median: -2.8% of GDP; Paraguay is 10th highest of 32. Worldwide: 65th of 188.

What is Paraguay's government revenue?

18.1% of GDP: that is general government revenue in Paraguay for 2025, according to the IMF. The peak was 18.8% of GDP in 2024 and the low 14.1% of GDP in 2008. Across Latin America & Caribbean the middle value was 24.9% of GDP, and Paraguay placed 24th highest of 32. World rank, highest first: 144th of 187.

What is Paraguay's government spending?

In 2025, general government spending in Paraguay was 19.8% of GDP, according to the IMF. Since 2005 it has ranged from 11.8% of GDP (2008) to 22.6% of GDP (2020). It is 27th highest of 32 in Latin America & Caribbean, where the median is 26.7% of GDP. Worldwide: 151st of 186.

What is tax revenue in Paraguay?

The IMF puts central government tax revenue in Paraguay at 11.3% of GDP in 2024. That is the highest since at least 2005. Latin America & Caribbean median: 15.0% of GDP; Paraguay is 12th highest of 14. Worldwide: 76th of 92.

How much does Paraguay spend on its military?

In 2025, military spending in Paraguay was 0.9% of GDP, according to SIPRI. The peak was 1.1% of GDP in 2015 and the low 0.7% of GDP in 2008. Across Latin America & Caribbean the middle value was 1.0% of GDP, and Paraguay placed 13th highest of 22. Of 149 countries with 2025 data, 118th highest.