Paraguay’s fiscal revenue growth decelerated to 5.2% YoY in August, while primary spending grew robustly by 20.8%. Interest payments surged by 39.8%, contributing to a fiscal deficit of PYG 2.81 tln for the month. The rolling 12-month fiscal deficit slightly increased to 3.6% of GDP, compared to 3.3% in the prior month and 4.1% in 2023.