Economy & Business - September 2003

President Nicanor Duarte claimed that tax revenues had increased sharply, sometimes by over 100%, thanks to his government's clampdown on corruption and evasion. Duarte pointed out that he had been in office for only a month, but was already making a difference. His finance minister, Dionisio Borda, claimed that the daily tax take was running at about 37bn guaraní­es (US$6m), whereas traditionally it had been between 7bn and 8bn guaraní­es.