March 7, 2006
Public expenditure in formation of fix capital almost quadrupled between 2003 and 2005

(Agencia Bolivariana de Noticias) - "Public expenditure in the gross formation of fix capital, which is the one made by the government for productive investment inside the country, almost quadrupled when it increased from USD121 million (260 billion bolivars) in 2003 to USD 558 million (1.2 billones de bolivars) in 2005.

This increment of 362% shows the improvements in the Venezuelan economy's productive sector after 2002, a year politically and economically convulsed, first by the coup d' etat in April and then by the oil strike that began in December.

The gross formation of fix capital is a variable that reflects the increase in the country's real investment, meaning, infrastructure, machinery, equipment, warehousing and construction.

This variable includes all those investments which help generate public or private products or services".