High deficit, costly bureaucracy. A large budget, a slow government
El proyecto de Presupuesto General de la Nación para 2027 vuelve a exponer una tensión estructural: un Estado voluminoso en gasto agregado y débil en rendimiento institucional. El documento enviado al Congreso asciende a G. 166,3 billones, unos 25.700 millones de dólares al tipo de cambio presupuestado de G. 6.458 y cerca de 27.000 millones […]
Distortions that stifle our country's potential
For our economy to truly grow, we don't need to raise taxes. We need to remove artificial barriers and make the system fairer and more inclusive for everyone.
Why Does Paraguay Need Comprehensive Tax Reform Today?
Paraguay boasts one of the most competitive tax systems in Latin America thanks to the “Triple 10”: 10% VAT, 10% income tax on individuals (IRE), and 10% corporate income tax (IRP). However, the current tax structure suffers from distortions that limit its potential, resulting in high levels of informality and a tax base fragmented by exemptions.
Paraguay 2030: The Window of Opportunity That the Markets Have Already Opened
The investment-grade rating achieved by Paraguay is neither a trophy to display on a desk nor a point of arrival. In market terms, it is a paradigm shift that gives us approximately five years of tailwind.
Paraguay: Nearshoring Hub for the Southern Cone
What does this mean? Large companies are seeking to bring their production closer to their main markets. Paraguay, located in the heart of the Southern Cone and blessed with clean, abundant energy from our dams, has everything it needs to become the region’s major industrial and technological hub.
Development Rating: Lessons from Chile and Uruguay for Paraguay
Celebramos haber alcanzado el grado de inversión, pero ¿qué sigue ahora? Si miramos a países hermanos como Chile y Uruguay, nos damos cuenta de que el reconocimiento internacional solo rinde frutos si construimos instituciones fuertes y reglas claras. Ese es el puente que necesitamos cruzar para que los buenos números de la economía se conviertan […]
Three reforms to boost real investment
Our country has established an enviable macroeconomic framework with a double investment grade, but this achievement will remain nothing more than a decorative title if we do not take the next institutional step. In my analysis, I outline three structural reforms—which are low in fiscal cost and have a high multiplier effect—that are necessary to boost real investment.
Current Expenditures vs. Investment: The Structural Battle
Achieving a double investment grade is an accomplishment that confirms our macroeconomic strength, but its true value lies in how we use it. Today, a large portion of our budget goes toward maintaining the size of the government, leaving little room for what truly multiplies opportunities: better roads, digital connectivity, and technical education for our young people.
Global Funds Are Already Setting Their Sights on Paraguay: What Are They Looking For, and What Haven't They Found Yet?
Si bien contamos con una sólida estabilidad macroeconómica, disciplina fiscal y un bono demográfico envidiable, el capital paciente busca algo que todavía nos falta en escala: un menú concreto de proyectos bancables con valor agregado, ecosistemas tecnológicos maduros y un historial probado de alianzas público-privadas transparentes. Dejar nuestra economía anclada únicamente en commodities primarios limita […]
From Granary to HUB: The Path to FDI and Economic Diversification
Lo verdaderamente valioso de este reporte es notar cómo sectores clave como la logística, el comercio, la intermediación financiera y la construcción ya representan más del 50% de estos nuevos capitales. Estamos ante un proceso real de diversificación económica, donde dejamos de ser únicamente exportadores de materias primas para posicionarnos como procesadores y prestadores de […]
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