October19,
2004
Venezuelan 2005 budget
(Informe Venezuela, Ministry of Finance)
- "The main objectives of the National
Budget for 2005 are the consolidation
of an environment with low inflation and
the strengthening of investment in social
and infrastructure areas.
The National Budget will
be 69,3 billion Bolívares, which
is equivalent to 30,3% of the forecasted
GDP. This is levelled with countries
in the same environment and 80% of it
will be financed with ordinary incomes.
This way, the country
can keep up the recovery in social and
productive investment in a scenario
of solvent and sustained fiscal activity.
It also allows a decrease in oil income
dependence, honouring the social debt
and consolidating the people's economy.
This is to be a
conservative budget in terms of oil
revenues, in order to maintain the proper
level of fiscal savings (…)".
