Paraguay’s new Finance Minister Carlos Fernandez pledged Wednesday to keep taxes unchanged and defend the value of the currency against inflation as h
Paraguay’s new Finance Minister Carlos Fernandez pledged Wednesday to keep taxes unchanged and defend the value of the currency against inflation as he seeks private investment to jump start an economy suffering from years of low growth.
- Fernandez called on business leaders to finance infrastructure projects and create jobs so the government can prioritize social spending
- “The participation of the private sector will be fundamental going forward because the state doesn’t have the capacity to finance 100% of the public works that will be needed,” he said in a webcast seminar
- NOTE: Fernandez was sworn into office Tuesday, the same …
news.bloombergtax.com
COMMENTS