This has not been picked up by any major news site. If you see his tweet: https://x.com/SantiPenap/status/1932125390153396541

You can see he posted a bitcoin address, it looks like his account has been compromised. It's not real.

small country budget of 15 billion a year.

but the more that are added the better.

source below;

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Paraguay's yearly budget outlines the government's planned expenditures and revenues for the fiscal year.

Current Budget Overview
The national budget for 2023 is approximately $15 billion.
Key areas of expenditure include education, health, infrastructure, and social programs.
Revenue Sources
Major revenue sources include taxes (income tax, value-added tax) and non-tax revenues (state-owned enterprises).
The government aims to increase tax collection efficiency to improve budget sustainability.
Economic Context
Paraguay's economy is characterized by agriculture, manufacturing, and services.
Economic growth influences budget planning, with GDP growth projected around 4% for 2023.
Challenges
The budget faces challenges such as inflation, public debt, and the need for infrastructure investment.
Social programs are critical for addressing poverty and inequality.
For the most accurate and updated figures, refer to the Ministry of Finance of Paraguay or international financial institutions like the World Bank.
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Take-Profit
take-profit.org › government-budget › paraguay
Paraguay Government Budget: Revenues and Spending - Take-Profit
Jan 13, 2025 · What is current Paraguay Government Spending? Government Spending in Paraguay decreased to 8290566 PYG Million (1.136 B USD) in the second quarter of 2023. The maximum volume was 9412207 PYG Million and minimum was 274586 PYG Million; Data published Quarterly by Central Bank.

TRADING ECONOMICS
tradingeconomics.com › paraguay › government-budget
Paraguay Government Budget - TRADING ECONOMICS
Government Budget in Paraguay is expected to reach -2.90 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Paraguay Government Budget is projected to trend around -2.60 percent of GDP in 2026 and -2.40 percent of GDP in 2027, according to our econometric models.

Modern Treatise
www.moderntreatise.com › the-americas › 2024/12/18
Latin Analysis: How Historic is Paraguay’s 2025 Budget?
Dec 19, 2024 · Paraguay’s education system has been allocated a historic budget for 2025, worth around ₲9.7 trillion, or $1.24 billion. The plan is to funnel this extra income into raising salaries and providing school resources to more than 1.37 million students.

International Budget Partnership
internationalbudget.org › 2023 › paraguay
Open Budget Survey 2023 - International Budget Partnership
How comprehensive is the content of the key budget documents that Paraguay makes available to the public? Discloses the broad parameters of fiscal policies in advance of the Executive's Budget Proposal; outlines the government's economic forecast, anticipated revenue, expenditures, and debt.

latinnews.com
www.latinnews.com › component › k2
In brief: Paraguay’s lower chamber approves 2025 budget
Nov 12, 2024 · *Paraguay’s chamber of deputies has approved the government’s 2025 budget proposal of some G$132.9trn (US$16.93bn), an increase of 14% in comparison to the 2024 budget.

pbdigital.paho.org
pbdigital.paho.org › 2024-2025 › country
Paraguay | PAHO - Programme Budget 2024-2025
The overall budget space for each country follows the PAHO Budget Policy (Document CD57/5) and the outcome prioritization results.

World Bank Open Data
data.worldbank.org › indicator › GF
Primary government expenditures as a proportion of original ...
Primary government expenditures as a proportion of original approved budget (%) - Paraguay Public Expenditure and Financial Accountability ( PEFA ). Ministry of Finance ( MoF ).
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I also doubt on this, because there is no any major news taking this up, maybe the account was hacked or somewhat a random post orchestrated by bloggers to go viral, but i want to believe there is no any official announcement made yet.

This is what i have to say concerning the news below after consulting on the major crypto news updates sites and what the search engine gives.

It is ridiculous that a president's account was hacked, you can't trust anything in that country when even the personal data of the most important person in the country cannot be protected. The bitcoin news is probably fake, but Paraguay will definitely make a more detailed statement.
Many countries now view bitcoin positively, every state is now trying to benefit from bitcoin and make a profit. In the long run, this will be what everyone does, especially every country with a small economy will do this