1. Public Expenditure Review (PER)
Paraguay - Public Expenditure Review: Main Report, 2006 or (Paraguay - Análisis del Gasto Público: Informe Principal, 2006)
This report focuses on the institutional and procedural weaknesses in the operations of the Paraguayan State. Two of these problems, a distorted budget process and an inadequate public employment framework, form the core themes of the Public Expenditure Review. Analysis of infrastructure and the social sectors picks up the thread and discusses these themes as they apply to the individual sectors, in addition to putting forward sector-specific recommendations related to reforming public spending in order to increase its effectiveness and efficiency.
Visit PER-Paraguay to read more PER documents.
2. Reports on Observance and Standards Code (ROSC)
Reports on Observance and Standards Code (ROSC) - Accounting and Auditing, 2006 or Informe sobre el Cumplimienrto de Normas y Códigos (ROSC) - Contabilidad y Auditoría, 2006
This report provides an assessment of Paraguay’s corporate accounting and auditing practices, using International Financial Reporting Standards(IFRS) and International Standard son Auditing (ISA) as benchmarks, and drawing on international experience and good practices in those fields. The main purpose of this ROSC is to assist the Government of Paraguay and stakeholders in strengthening and improving the financial reporting regime in the country. The development objectives these efforts support are:(a) improving the business environment in Paraguay and making it more attractive for domestic and foreign direct investment, (b) enhancing nancial transparency in the corporate sector and (c) enhancing opportunities for greatereconomic integration with the region and the world.
Report on the Observance of Standards and Codes (ROSC)—Data Module, 2006
The Report on the Observance of Standards and Codes (ROSC) data module provides an assessment of Paraguay’s macroeconomic statistics against the recommendations of the General Data Dissemination System (GDDS) complemented by an assessment of data quality based on the IMF’s Data Quality Assessment Framework, July 2003 (DQAF). The DQAF lays out internationally accepted practices in statistics, ranging from good governance in data producing agencies to practices specific to datasets. The datasets covered in this report are national accounts, consumer and producer price indices, and monetary and balance of payments statistics, all compiled by the Central Bank of Paraguay (CBP). The mission also assessed the quality of government finance statistics compiled by the Ministry of Finance (MOF) and the Prerequisites of quality and Assurances of integrity of the Directorate General of Statistics, Surveys, and Censuses (DGSSC). However, the DGSSC does not compile or disseminate macroeconomic statistics assessed in this report.
Paraguay: Report on Observance of Standards and Codes—Fiscal Transparency Module, 2006
This report assesses fiscal transparency practices in Paraguay against the requirements of the IMF Code of Good Practices on Fiscal Transparency, based on discussions with the authorities, their response to the IMF fiscal transparency questionnaire, and other sources of information.
3. Public Expenditure and Financial Accountability (PEFA)
Paraguay - Integrated Fiduciary Assessment
This Integrated Fiduciary development partners, including the World Bank (WB), Inter-American Development Bank (IDB), and the European Commission (EC), in a consultative process designed to establish an Agenda on Public Financial Management (PFM) and Procurement (PR), and other related governance aspects. It is expected that this process will contribute to: i) Identify key PFM & PR strengths and weaknesses of the Central Government of Paraguay, including those related to the management and implementation of the foreign- financed (through grants and loans) public investment programs; and ii) prepare an action plan to guide future efforts in PFM and PR for all Central Government spending.
Visit PEFA.org-Paraguay to see more PEFA document.
4. Other World Bank Documents
Health Equity and Financial Protection Datasheet: Paraguay, 2012
The health equity and financial protection datasheets provide a picture of equity and financial protection in the health sectors of low-and middle-income countries. Topics covered include: inequalities in health outcomes, health behavior and health care utilization; benefit incidence analysis; financial protection; and the progressivity of health care financing.
Visit World Bank-Paraguay to read more reports on Paraguay.
5. Government Documents
Presupuesto Plurianual (Medium Term Expenditure Framework (MTEF))
The multi-year budget contains the distribution of state resources for a period beyond the fiscal year, included in the government's strategic plan and the Multiannual Macroeconomic Framework.
Visit Presupuesto Plurianual (MTEF) to obtain information on MTEF by year.
Ministry of Finance
Informes Anuales (Annual Financial Reports) provide information on budget and budget execution by entity.
To improve the efficiency and effectiveness of public spending, Paraguay incorporated since 2011 the Budgeting for Results. Visit Presupuestos por Resultados to learn more about them. Also, this section provides information on Ejecución Financiera Mensual (monthly financial execution) and Gasto Mensual por Sector (monthly expenditures per sector).
The Government Finance Report contains a set of analytical information that provides a better understanding of the economic and fiscal situation as well as the objectives and guidelines of budgetary policy. See below the latest reports.
6. Other International Organizations
International Monetary Fund (IMF)
Paraguay: Staff Report for the 2012 Article IV Consultation
Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the Article IV consultation with Paraguay, the following documents have been released and are included in this package: Staff Report and Public Information Notice (PIN).
The link provides the IMF-Paraguay country page.
Inter-American Development Bank (IADB)
Aportes para el Desarrollo del Sistema de Financiamiento Municipal: El Papel de los Ingresos Propios Municipales: Paraguay, 2007
(Contributions to the Development of the Municipal Finance: The Role of Municipal Revenues: Paraguay, 2007)
This paper aims to analyze the characteristics, opportunities and constraints of the policy framework governing municipal own revenues, making recommendations for modernization, strengthening and/or reforms. The paper synthetically presents the characteristics of municipal tax administrations, and through statistical analysis show the importance of municipal own revenues, grouping the municipalities according to the relative autonomy of income and access to long-term financing.
Visit IADB-Paraguay to find more information.