Paraguay - Public finance





The Paraguayan government depends upon import duties for revenue, especially from the reexport trade. The government is the largest employer, and the budget represents 40% of GDP. The majority of the budget (80%) goes to public employee salaries, 15% to servicing the foreign debt, and 5% for investment.

The US Central Intelligence Agency (CIA) estimates that in 1999 Paraguay's central government took in revenues of approximately $1.3 billion and had expenditures of $2 billion including capital expenditures of $700 million. Overall, the government registered a deficit of approximately $700 million. External debt totaled $2.9 billion.

The following table shows an itemized breakdown of government revenues. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.

Paraguay

REVENUE AND GRANTS 100.0% 1,300
Tax revenue 57.3% 745
Non-tax revenue 39.9% 519
Capital revenue 0.1% 1
Grants 2.7% 36

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