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Paraguay Boosts Public Spending In 2025 Budget Proposal
(MENAFN- The Rio Times) On Friday, Paraguay's Ministry of Economy and Finance presented the 2025 fiscal blueprint to the National Congress.
This plan, valued at approximately 132.9 trillion Guarani ($17.557 billion), marks a 14% increase over the current budget. It targets significant enhancements across the nation.
Economy Minister Carlos Fernández Valdovinos detailed allocations for core sectors: healthcare, education, security, and social protection. These sectors will receive substantial funding increases to address pressing needs.
In healthcare, $103 million will fund vital pharmaceuticals and strengthen the National Cancer Institute (INCAN).
In education, a $309 million increase will fully fund the "Zero Hunger" program in schools. This aims to eradicate child malnutrition.
Security will receive an additional $111 million, which will hire 5,000 new police officers and maintain vehicles. This will enhance national safety and response capabilities.
Social protection will also see an increase, with $46 million set aside to implement the newly universalized Senior Citizen Program. This initiative will strengthen support for the elderly, ensuring a robust safety net.
The justice sector will benefit from $52 million in additional funding. This includes the Comptroller General's Office, the Judicial Power, the Public Ministry, and the Supreme Court of Justice . These funds will support developmental projects, improving justice delivery.
Minister Fernández Valdovinos emphasized the budget's balance and sustainability. A projected 7.5% increase in tax collections will provide an extra $870 million.
He affirmed the government's commitment to the 2025 Fiscal Convergence Plan, maintaining a deficit limit of 1.9% of GDP.
Through strategic financial planning, Paraguay demonstrates a commitment to enhancing public services and promoting sustainable growth. This ensures an improved quality of life for all citizens.
This budgetary approach reflects forward-thinking, responsible management of national resources. It is essential for the nation's future stability and prosperity.
This plan, valued at approximately 132.9 trillion Guarani ($17.557 billion), marks a 14% increase over the current budget. It targets significant enhancements across the nation.
Economy Minister Carlos Fernández Valdovinos detailed allocations for core sectors: healthcare, education, security, and social protection. These sectors will receive substantial funding increases to address pressing needs.
In healthcare, $103 million will fund vital pharmaceuticals and strengthen the National Cancer Institute (INCAN).
In education, a $309 million increase will fully fund the "Zero Hunger" program in schools. This aims to eradicate child malnutrition.
Security will receive an additional $111 million, which will hire 5,000 new police officers and maintain vehicles. This will enhance national safety and response capabilities.
Social protection will also see an increase, with $46 million set aside to implement the newly universalized Senior Citizen Program. This initiative will strengthen support for the elderly, ensuring a robust safety net.
The justice sector will benefit from $52 million in additional funding. This includes the Comptroller General's Office, the Judicial Power, the Public Ministry, and the Supreme Court of Justice . These funds will support developmental projects, improving justice delivery.
Minister Fernández Valdovinos emphasized the budget's balance and sustainability. A projected 7.5% increase in tax collections will provide an extra $870 million.
He affirmed the government's commitment to the 2025 Fiscal Convergence Plan, maintaining a deficit limit of 1.9% of GDP.
Through strategic financial planning, Paraguay demonstrates a commitment to enhancing public services and promoting sustainable growth. This ensures an improved quality of life for all citizens.
This budgetary approach reflects forward-thinking, responsible management of national resources. It is essential for the nation's future stability and prosperity.
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