As of March of this year, public investment registered an increase of 16% in relation to the first quarter of last year, thus giving a sustained level of execution of 1,343 billion guaraníes (192.8 million dollars), which it represents 0.5% of the Gross Domestic Product (GDP).
These data correspond to the report on the Financial Situation (Situfin) of the Central Administration, presented today by the director of Macro-Fiscal Policy, Rolando Sapriza, and the head of the Department of Macro-Fiscal Situation, María Angélica Pintos, of the Undersecretary of State of Economy (SSEE) of the Ministry of Finance.
According to the Situfin Report, in the first quarter of 2022 there is a very important dynamic in terms of public investment, most of which corresponds to that made by the Ministry of Public Works and Communications (MOPC), with 166.4 million dollars. .
The financing for the execution of the MOPC comes mainly from loans from the Development Bank of Latin America (CAF), the Inter-American Development Bank (IDB), Sovereign Bonds, Turnkey and other sources.
Likewise, director Sapriza explained that at the end of March of the current year there was a deficit of 1,722.4 billion guaraníes (247.2 million dollars), which represents 0.6% of GDP. In this line, he specified that a negative operating result of 379.4 billion guaraníes (54.5 million dollars) was recorded, representing 0.1% of GDP, reported the Fiscal portfolio.
Regarding tax revenues, the Situfin reports a nominal variation of 13.1%, while expenses showed an increase of 11.7%, compared to the same period of the previous year.
