Paraguay: Selected Issues

June 15, 2010

Preview Citation

Format: Chicago

Paraguay: Selected Issues, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: español

Summary

This technical paper focuses on the challenges faced by Paraguay’s budget resources. Paraguay’s government should adopt a forward-looking fiscal strategy. The strategy’s main goals should be to contain budget dependence on Itaipu revenues, preserve fiscal discipline, and allow for the gradual and sustainable transformation of the envisaged, yet temporary, windfall into other forms of financial, physical, and human capital. The creation of a special fund could help mobilize public support for saving part of the windfall and building a buffer for the future.

Subject: Central bank policy rate, Financial regulation and supervision, Financial services, Income and capital gains taxes, Operational risk, Revenue administration, Taxes, Value-added tax

Keywords: Budget resource, Central bank policy rate, CR, Exchange rate pass-through, Income and capital gains taxes, Inflation expectation, ISCR, Itaipu revenue, Operational risk, Paraguay, Revenue, South America, Sterilization bill, Tax burden, Value-added tax, VAT credit

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/170
Stock No:

1PRYEA2010002
ISBN:

9781455207534
ISSN:

1934-7685

Notes

Also Available in Spanish

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