Paraguay tax revenue grows 1.8% in first half of 2026, misses targets

Paraguay's tax collection saw a modest increase of 1.8% in the first six months of 2026, accumulating 21.73 trillion guaraníes (approximately $3.574 billion). This growth, however, did not meet the targets set in the national budget. The Directorate of National Tax Revenue (DNIT) reported that collections were 383 billion guaraníes ($63 million) higher than in the first half of 2025.

Internal taxes showed a robust performance, increasing by 11.1% and bringing in 14.02 trillion guaraníes ($2.306 billion). This segment performed well against the previous year. Conversely, customs taxes experienced a notable decline of 11.6%, generating 7.71 trillion guaraníes ($1.268 billion), down from 8.72 trillion guaraníes ($1.434 billion) in the first half of 2025.

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The Directorate of National Tax Revenue (DNIT) reported that collections were 383.141 million guaraníes (about 63 million dollars) more than in the same period last year.

The DNIT attributed the decrease in customs revenue primarily to the appreciation of the Paraguayan guaraní against the US dollar, which stood at 21.9% in June. This currency fluctuation impacts the value of imported goods when converted back into guaraníes, thus affecting tax collection from customs.

In June alone, total revenue collection fell by 5.9%, or $30.8 million, compared to June 2025. While internal taxes rose by 6.1% in June, customs taxes dropped by 18.2%. This trend follows the government's March announcement of an "economy of war" strategy due to declining tax revenues, urging state institutions to reduce spending.

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The DNIT attributed the fall in customs taxes to the appreciation of the guaraní against the US dollar, which was 21.9% in June.