Paraguay recorded a Government Budget deficit equal to 4 percent of the country's Gross Domestic Product in 2021. Government Budget in Paraguay averaged -0.56 percent of GDP from 1990 until 2021, reaching an all time high of 4.50 percent of GDP in 1990 and a record low of -6.10 percent of GDP in 2020. source: Ministerio de Hacienda, Paraguay
Government Budget in Paraguay is expected to reach -3.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Government Budget is projected to trend around -2.90 percent of GDP in 2025 and -2.60 percent of GDP in 2026, according to our econometric models.