Calculated at a price of $ 40 per barrel and where it expects growth of Gross Domestic Product (GDP) of 0.5%.Agriculture, transport and communications sectors will be increased funding by the Venezuelan government, which will be used for more than 9,000 million bolivars followed by the industrial sector and trade.For the transport and communications sector is expected to deliver 5.008 million Bolivars that will serve to increase productivity in these areas, while for the agriculture sector as part of the construction policy of food sovereignty, the national government provided a total of VEB 4988.
The Ministry of Industry and Trade will receive for productive investment, totaling 3.013 million Bs, which will serve to reinvigorate the manufacturing sector of the economy, seeking to increase its production capacity.
In this regard, the chairman of the Standing Finance Committee of the National Assembly (AN), Deputy Ricardo Sanguino, said that this amount will not only be directed to the public sector in the productive economy, but will likewise sector financing private.
“This is important for the new stage that drives the Bolivarian revolution because this capital is not only destined for productive public sector, but also will benefit the private sector to develop some of these activities,” he said.
People’s Power Minister for Economy and Finance Ali Rodriguez, said that the Executive is working to revive economic growth and, to that effect, create an investment fund to finance the productive sector.
For its part, also a member of the Standing Committee on Finance, Deputy Iroshima Bravo, said that resources are expected surplus product of the oil revenue or tax will be aimed at enhancing domestic productive capacity.
According to the behavior of oil prices, the economic cabinet will take the decisions it considers favorable in terms of investing these surplus resources in projects involving the development of production in Venezuela, he said.
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