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Economy & Business - February 2011 (ISSN 1741-7430)

PARAGUAY: Worrying about the budget deficit

The finance minister, Dionisio Borda, has called on congress to assist in cutting the G$42.8bn (US$9.31bn) budget for 2011. The budget deficit was initially estimated at 0.8% of GDP but congress pushed it up to 2.5% of GDP, or G$1.81bn (US$392m).

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