BUENOS AIRES Aug 28 Paraguay's economy will
grow an estimated 4.5 percent in 2015, slightly slower than this
year, and inflation is seen at 5 percent, according to the South
American country's 2015 budget which was submitted to Congress
Next year's budget, the first compiled by the government of
President Horacio Cartes who took office in August 2013,
forecast a budget deficit of 1.5 percent of Gross Domestic
Product, with tax revenues seen growing 14.3 percent on this
Paraguay's central bank predicts economic growth of 4.8
percent in 2014.
Ratings agency Standard & Poor's in June raised Paraguay's
sovereign credit rating to BB, reflecting an expectation for
continuity in policymaking and a stable outlook.
(Reporting by Daniela Desantis; Writing by Richard Lough;
Editing by Alden Bentley)