Government Spending in Paraguay decreased to 6830866 PYG Million in the first quarter of 2021 from 9412207 PYG Million in the fourth quarter of 2020. source: Banco Central del Paraguay

Government Spending in Paraguay averaged 2816905.01 PYG Million from 1994 until 2021, reaching an all time high of 9412207 PYG Million in the fourth quarter of 2020 and a record low of 274586 PYG Million in the first quarter of 1994. This page provides - Paraguay Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Government Spending - values, historical data and charts - was last updated on July of 2021.

Government Spending in Paraguay is expected to be 7222232.00 PYG Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Paraguay to stand at 7015299.00 in 12 months time. In the long-term, the Paraguay Government Spending is projected to trend around 10180243.00 PYG Million in 2022 and 10587453.00 PYG Million in 2023, according to our econometric models.

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Paraguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
6830866.00 9412207.00 9412207.00 274586.00 1994 - 2021 PYG Million Quarterly
Current Prices, NSA

Paraguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 33.90 22.90 67.00 8.10 percent of GDP [+]
Government Budget -7.30 -2.80 4.50 -7.30 percent of GDP [+]
Military Expenditure 391.00 376.00 391.00 43.60 USD Million [+]
Credit Rating 46.00 [+]
Government Debt 13046.40 12923.30 13046.40 2350.60 USD Million [+]
Government Spending 6830866.00 9412207.00 9412207.00 274586.00 PYG Million [+]

Paraguay Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.