Paraguay recorded a Government Budget deficit equal to 2.40 percent of the country's Gross Domestic Product in 2019.

Government Budget in Paraguay averaged -0.24 percent of GDP from 1990 until 2019, reaching an all time high of 4.50 percent of GDP in 1990 and a record low of -3.30 percent of GDP in 2002. This page provides - Paraguay Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Government Budget - values, historical data and charts - was last updated on August of 2020.

Government Budget in Paraguay is expected to reach -3.50 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Government Budget is projected to trend around -2.50 percent of GDP in 2021 and -1.50 percent of GDP in 2022, according to our econometric models.

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Paraguay Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -1.30 4.50 -3.30 1990 - 2019 percent of GDP Yearly

Paraguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.90 19.70 67.00 8.10 percent [+]
Government Budget -2.40 -1.30 4.50 -3.30 percent of GDP [+]
Military Expenditure 379.00 348.00 386.00 44.60 USD Million [+]
Credit Rating 46.00 [+]
Government Debt 10868.00 10780.40 10868.00 2350.60 USD Million [+]
Government Spending 6866028.00 8470518.00 8470518.00 274586.00 PYG Million [+]


Paraguay Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.