Government Spending in Paraguay increased to 9412207 PYG Million in the fourth quarter of 2020 from 7109585 PYG Million in the third quarter of 2020. source: Banco Central del Paraguay

Government Spending in Paraguay averaged 2776812.31 PYG Million from 1994 until 2020, reaching an all time high of 9412207 PYG Million in the fourth quarter of 2020 and a record low of 274586 PYG Million in the first quarter of 1994. This page provides - Paraguay Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Paraguay Government Spending - values, historical data and charts - was last updated on May of 2021.

Government Spending in Paraguay is expected to be 7071976.00 PYG Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Paraguay to stand at 9741634.00 in 12 months time. In the long-term, the Paraguay Government Spending is projected to trend around 10131300.00 PYG Million in 2022 and 10506158.00 PYG Million in 2023, according to our econometric models.

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Paraguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
9412207.00 7109585.00 9412207.00 274586.00 1994 - 2020 PYG Million Quarterly
Current Prices, NSA

Paraguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.20 22.90 67.00 8.10 percent [+]
Government Budget -2.80 -1.30 4.50 -3.30 percent of GDP [+]
Military Expenditure 416.00 387.00 416.00 45.40 USD Million [+]
Credit Rating 46.00 [+]
Government Debt 11015.50 10959.90 11015.50 2350.60 USD Million [+]
Government Spending 9412207.00 7109585.00 9412207.00 274586.00 PYG Million [+]

Paraguay Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.