Government Spending in Paraguay decreased to 6866028 PYG Million in the first quarter of 2020 from 8470518 PYG Million in the fourth quarter of 2019.

Government Spending in Paraguay averaged 2634511.14 PYG Million from 1994 until 2020, reaching an all time high of 8470518 PYG Million in the fourth quarter of 2019 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 August of 2020.

Government Spending in Paraguay is expected to be 6462762.00 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 6948420.00 in 12 months time. In the long-term, the Paraguay Government Spending is projected to trend around 8465224.00 PYG Million in 2021 and 8727646.00 PYG Million in 2022, according to our econometric models.

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Paraguay Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
6866028.00 8470518.00 8470518.00 274586.00 1994 - 2020 PYG Million Quarterly
Current Prices, NSA

Paraguay Government Last Previous Highest Lowest Unit
Government Debt to GDP 22.90 19.70 67.00 8.10 percent [+]
Government Budget -2.40 -1.30 4.50 -3.30 percent of GDP [+]
Military Expenditure 379.00 348.00 386.00 44.60 USD Million [+]
Credit Rating 46.00 [+]
Government Debt 10868.00 10780.40 10868.00 2350.60 USD Million [+]
Government Spending 6866028.00 8470518.00 8470518.00 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.