Análisis estratégico sobre institucionalidad, economía y desarrollo publicados en medios especializados.
I have followed Latin America's economy for more than two decades, and I keep returning to debt. It is not simply another economic indicator. It is the recurring character in every act, and influences what comes next.
The “Triple 10” is off-limits. That is the golden rule of the Paraguayan government and the most valuable institutional asset the country has built in the fiscal sphere. Maintaining the 10% rate for the Value-Added Tax, the Corporate Income Tax, and the top bracket of the Personal Income Tax—and shielding it with constitutional safeguards—is not a symbolic gesture: it is a mechanism for credible commitment.
Average statistics mask the severe budgetary constraints faced by households. The true success of a public policy is not measured by the volume of exports, but by the supply chain’s ability to respond to people’s immediate needs in the store.
Latin America has lived through a long economic odyssey marked by cycles of boom and bust, with recurring promises of transformation that have not kept pace with the progress the region needs.
The draft General National Budget for 2027 once again highlights a structural tension: a government with high aggregate spending but weak institutional performance. The document submitted to Congress totals G. 166.3 trillion, approximately $25.7 billion at the budgeted exchange rate of G. 6,458 and nearly $27 billion if a rate closer to the market rate is used.
Architect of Latin American economic development.
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