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Paraguay Plans Increased Public Spending in 2025 Budget

Paraguay Plans Increased Public Spending in 2025 Budget

Paraguay’s Ministry of Economy and Finance unveiled the 2025 fiscal blueprint to the National Congress, proposing a budget of approximately 132.9 trillion Guarani ($17.557 billion), a 14% increase over the current budget. The plan aims to significantly improve core sectors such as healthcare, education, security, and social protection.

Economy Minister Carlos Fernández Valdovinos outlined key allocations, including $103 million for healthcare, $309 million for education to fund the “Zero Hunger” program, $111 million for security to hire new police officers, and $46 million for social protection to implement the universalized Senior Citizen Program.

Additional funding of $52 million for the justice sector will support projects enhancing justice delivery. The budget emphasizes balance and sustainability, with a projected 7.5% increase in tax collections to provide an extra $870 million while maintaining a deficit limit of 1.9% of GDP.

This strategic financial planning reflects a commitment to improving public services and ensuring sustainable growth for Paraguay, ultimately enhancing citizens’ quality of life and setting the stage for future stability and prosperity.

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