The General Budget of the Nation for 2024 estimates that the economy will grow 3,8% and the inflation will be 4%

Asunción, Agencia IP.- According to the projections that sustain the General Budget of the Nation (PGN) estimations for fiscal year 2024, the economy is expected to maintain a growth rate of 3.8% for next year.

This projection considers a scenario with normal climatic conditions, meaning a stable evolution of the production of the primary sector and related. In the same way, the secondary industry and services are expected to experience regular growth in line with the recovery of the internal economy. Besides, an improvement in consumption and private investment levels is expected.

Among the level of prices and the nominal exchange rate, it is estimated that the inflation will be located around the Central Bank of Paraguay’s (BCP) goal of 4% and a currency depreciation of 1.7% for the average US dollar price estimated for 2023.

Likewise, registered imports of goods in dollars are also expected to present an increase of 3% concerning 2023, maintaining a level of around $15,592 million.

For the fiscal year 2024, according to the last available information, it is assumed that the most likely evolution of the main macroeconomic variables is conformed to what is expressed in the following Table:

¹Includes binationals.