On Friday, Paraguay’s Ministry of Economy and Finance presented the 2025 fiscal blueprint to the National Congress.
This plan, valued at approximately 132.9 trillion Guarani ($17.557 billion), marks a 14% increase over the current budget. It targets significant enhancements across the nation.
Economy Minister Carlos Fernández Valdovinos detailed allocations for core sectors: healthcare, education, security, and social protection. These sectors will receive substantial funding increases to address pressing needs.
In healthcare, $103 million will fund vital pharmaceuticals and strengthen the National Cancer Institute (INCAN).
In education, a $309 million increase will fully fund the “Zero Hunger” program in schools. This aims to eradicate child malnutrition.
Security will receive an additional $111 million, which will hire 5,000 new police officers and maintain vehicles. This will enhance national safety and response capabilities.
Social protection will also see an increase, with $46 million set aside to implement the newly universalized Senior Citizen Program. This initiative will strengthen support for the elderly, ensuring a robust safety net.
The justice sector will benefit from $52 million in additional funding. This includes the Comptroller General’s Office, the Judicial Power, the Public Ministry, and the Supreme Court of Justice. These funds will support developmental projects, improving justice delivery.
Minister Fernández Valdovinos emphasized the budget’s balance and sustainability. A projected 7.5% increase in tax collections will provide an extra $870 million.
He affirmed the government’s commitment to the 2025 Fiscal Convergence Plan, maintaining a deficit limit of 1.9% of GDP.
Through strategic financial planning, Paraguay demonstrates a commitment to enhancing public services and promoting sustainable growth. This ensures an improved quality of life for all citizens.
This budgetary approach reflects forward-thinking, responsible management of national resources. It is essential for the nation’s future stability and prosperity.
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