Category: blog medios

Paraguay's fiscal fragility in the absence of institutional safeguards

Paraguay cerró el ejercicio 2025 con un déficit fiscal oficial del 2,0% del PIB, según el Informe de Situación Financiera de la Administración Central (Situfin) del Ministerio de Economía y Finanzas (MEF). Se trata de G. 7.480 mil millones, equivalentes a USD 1.047 millones, el mejor resultado desde 2019 y una mejora respecto al 2,5% […]

The lack of a constitutional framework undermines control over public spending

The National Constitution of the Republic of Paraguay, enacted on June 20, 1992, represents a milestone in the transition to democracy following decades of authoritarian rule. However, when it comes to fiscal governance, it is notably silent on the matter, a fact that has shaped the country’s economic trajectory.

Brazil and the high cost of risk

In previous columns, I have argued that the high cost of capital in Latin America is primarily due to political risk and weak institutions. Brazil, the region’s largest economy, is one of the clearest examples.

Pay now, yes; touch the deficit, no

As a Paraguayan living abroad who is passionate about our beautiful homeland and has closely followed the evolution of our public finances, I view the debate that has emerged in recent days with concern.

Energy at the Limit: “Demand Is Rising, but Decisions Are Lacking”

To conclude the series on energy published every Sunday in the pages of La Tribuna, we present an interview with César Addario Soljancic. Throughout his articles, the Paraguayan economist has provided a technical and strategic analysis of Paraguay’s energy future, its limitations, and its opportunities.

Latin America can lower its cost of capital, but only through reforms

After analyzing the cost of capital across Latin America throughout this series, one conclusion stands out: the region’s high financing costs are not a fixed condition. They stem from policy decisions and persistent structural weaknesses—factors that can be improved over time.