Ministerio de Hacienda

What Ministerio de Hacienda does

Ministerio de Hacienda, recently renamed Ministerio de Economía y Finanzas (MEF) under Ley N° 7158 (2024), is Paraguay's central government finance ministry, founded in 1811 and headquartered in Asunción. It is the constitutional authority over the country's public finances, responsible for the formulation and execution of the national budget, treasury operations (SITUFIN), financial administration (SIAF), internal control (MECIP), tax policy and collection (Dirección General de Tributación and customs administration — DNA), public debt management, social security oversight, cadastral services, and financial intelligence (SEPRELAD-adjacent functions). It sits at the center of Paraguay's fiscal policy apparatus and administers a 2025 social services allocation of G. 38.9 trillion guaraníes alongside monthly central-government disbursements such as G. 269.598 billion in supplier payments recorded in September 2024 alone.

The ministry's 'customers' are not commercial buyers but rather the institutions and actors of the Paraguayan state and economy: other ministries and public agencies that draw on budget allocations, citizens who pay taxes and receive social security and pension transfers, businesses that interact with tax and customs authorities, and subnational governments engaging on territorial planning. Its service model is statutory rather than commercial — services are mandatory, publicly funded, and delivered through a combination of in-person administrative offices and a unified digital services portal. Recent operational additions include the BECAL scholarship program (now consolidated under the Vice-Ministry of Human Capital and Globalized Organizations — VCHGO), the Museum of Economics for public fiscal literacy, and a Catastro modernization partnership with CAPADEI and CAPELI signed 2024-08-12, which extends the ministry's mandate into national property and territorial data.

In 2024, the ministry was led by Carlos Fernández Valdovinos and oversaw a 23.5% year-over-year increase in tax revenue collections (G. 13.5 trillion guaraníes), reflecting the strengthening of Paraguay's fiscal backbone. The institutional business model is non-commercial: the ministry is funded through the central government budget and does not generate revenue in the traditional sense; instead, its value is measured by fiscal capacity, budget execution quality, and the integrity of national accounts.

Name

Ministerio de Hacienda

Legal name

Ministerio de Economia y Finanzas

Website

https://hacienda.gov.py

Company type

Private

Founded year

1811

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ministerio de Economía y Finanzas (MEF) is Paraguay's central finance ministry, founded in 1811 and headquartered in Asunción, responsible for the national budget, taxation, customs, public debt, treasury, social security, and cadastral services, serving the state, citizens, and businesses.

Ownership category

akta.pro rank

Product category

Government Financial Administration

NAICS

Public Finance Activities (921130), Executive, Legislative, and Other General Government Support (921), Public Finance Activities (92113)

SIC

Finance Services (6199)

akta.pro primary industry

Budgeting & Fiscal Planning (BPAIAEAA)

akta.pro secondary industries

Treasury & Cash Management (BPAIAEAB), Government Accounting & Financial Reporting (BPAIAEAD), Public Debt Management (BPAIAEAC), Central Government Policy, Strategy & Performance (incl. OMB-style functions) (BPAIAAAB)

Keywords

• Public finance administration
• National budget management
• Treasury operations
• Tax policy administration
• Public procurement oversight

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Distribution channels3 records

Marketing channels4 records

Core offering

The Ministerio de Hacienda (now officially Ministerio de Economía y Finanzas - MEF) is Paraguay's central government ministry responsible for economic planning, public finance management, and national budget administration. It executes national budget operations, administers tax policy, manages treasury operations, oversees public procurement, processes social security and retirement benefits, maintains the national cadastral and property registry, and administers the BECAL scholarship program for advanced human capital development. The ministry provides citizen-facing digital services through multiple online portals and internal financial management systems used across all public institutions.

Product overview

Ministerio de Hacienda (now officially Ministerio de Economía y Finanzas - MEF) operates as Paraguay's central government ministry responsible for economic planning, public finance management, and national budget administration. The Ministry provides a portfolio of citizen-facing digital services including electronic systems for retirement applications (JUBIFácil), pensioner inquiries, supplier payments, budget information (SITUFIN), financial management (MECIP), cadastral services, and the national scholarship program BECAL. The Ministry's infrastructure supports public procurement, treasury operations, fiscal reporting, and territorial planning services through interconnected web portals and internal systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Sistema de Gestión de Expedientes (SIME) Electronic document management and case tracking system that allows citizens and institutions to query the status of administrative proceedings before the Ministry.
• Consulta de Solicitud de Transferencia de Recursos (STR) Online portal enabling citizens and institutions to query the status of resource transfer requests submitted to the General Treasury.
• JUBIFácil Electronic retirement application system that streamlines the process for obtaining retirement benefits.
• Consulta de Pensionados y Adultos Mayores Portal for querying pension-related information and services for retirees and senior citizens.
• Pytyvõ Subsidies Portal Government subsidy program portal for economic relief assistance to citizens, including Pytyvõ 1 and Pytyvõ 2.0 programs.
• Programa BECAL - Becas Carlos Antonio López National scholarship program providing financial support for Paraguayans to pursue higher education at top universities worldwide and national postgraduate studies.
• Sistema Nacional de Catastro National cadastral information system managing real property data, territorial zoning, and land registry information for Paraguay.
• MECIP - Sistema Integrado de Administración Financiera Integrated public financial management system covering budget execution, treasury operations, accounting, and public investment tracking.
• SITUFIN - Sistema de Información de las Finanzas Públicas Public finances information system providing monthly financial situation reports, fiscal deficit tracking, and revenue/expenditure analysis for the Central Administration.
• Portal de Pagos a Proveedores Public portal displaying the payment calendar and disbursement schedules to government suppliers and contractors.
• Museo de Economía First Economics Museum of Paraguay, located in Palacio Alegre, dedicated to educating citizens about economic history and the Ministry's role in national development.

Quantifiable outcome

• 58% of public expenditure directed to Social Services programs (Health, Education, Social Promotion, Social Security)
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Cámara Paraguaya de Desarrolladores Inmobiliarios (CAPADEI)coreStrategic or Co-development Partner · 12 August 2024MEF signed a cooperation agreement with CAPADEI to modernize the Dirección General del Servicio Nacional de Catastro. CAPADEI donated 10 computer equipment units and contributed to renovation of Catastro offices on the second floor, with the goal of improving efficiency and service quality for citizens.
• Cámara Paraguaya de Empresas Loteadoras e Inmobiliarias (CAPELI)coreStrategic or Co-development Partner · 12 August 2024MEF signed a cooperation agreement with CAPELI to modernize Catastro services. This agreement continues a partnership established in 2017 and includes infrastructure improvements and technology donation to enhance public service delivery.
• Municipality of YbycuíminorOthersMEF provided technical assistance to the district of Ybycuí for territorial zoning and development of the Plan de Ordenamiento Urbano y Territorial (POUT), as part of the Paraguay + Verde project.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• HM Treasury (United Kingdom): UK's economic and finance ministry — established global incumbent covering the same core functions (budget, treasury, tax, public spending) plus macroeconomic policy. Comparable at the role level, not at scale.
• U.S. Department of the Treasury: US federal treasury department — the broadest incumbent covering national fiscal policy, debt management and tax administration. Establishes the global benchmark for treasury ministry structures and IT modernization (SIAF-equivalents).

Direct peers

• Ministério da Fazenda (Brazil): Brazil's federal finance ministry — performs national budget execution, treasury operations, tax policy and public debt management at federal level. Comparable in scope and function, larger in absolute scale.
• Ministerio de Economía (Argentina): Argentina's Ministry of Economy oversees fiscal policy, treasury and budget — a Mercosur peer with the same portfolio shape, including macroeconomic coordination.
• Ministerio de Hacienda (Chile): Chile's Ministry of Finance — identical name and treasury/budget/public-credit mandate. Comparable on SIB-type fiscal frameworks and treasury operations.
• Secretaría de Hacienda (Mexico): Mexico's federal finance secretariat responsible for budget formulation, treasury, tax policy and public credit — a closely mirrored role across Latin America.
• Ministerio de Hacienda y Crédito Público (Colombia): Colombia's Ministry of Finance and Public Credit — manages budget, treasury, tax policy and public debt. Structurally aligned with Paraguay's MEF, including public credit functions.
• Ministerio de Economía y Finanzas Públicas (Bolivia): Bolivia's economy and finance ministry — direct regional counterpart with shared border and customs-administration overlap, executing a similar public-finance mandate.
• Ministerio de Economía y Finanzas (Uruguay): Uruguay's central finance and economics ministry — same name and structurally identical mandate (national budget, treasury, tax policy, public credit). Most directly comparable peer given shared Mercosur context and Spanish-language institutional tradition.

Others

• Banco Central del Paraguay: Paraguay's central bank — adjacent monetary authority that interacts with the ministry on debt issuance, reserve management and macroeconomic coordination. Not a treasury peer, but a closely coupled counterpart in public-finance operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/haciendapy
• YouTubeyoutube.com/user/MHNoticiaspy
• Facebookfacebook.com/Haciendapy
• LinkedInpy.linkedin.com/company/mef-paraguay
• Instagraminstagram.com/mef_paraguay

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ministerio de Hacienda