ESPACIO PUBLICITARIO
CARACAS, Friday March 05, 2010 | Update
 
|
share
|
Economy
Venezuela's external debt increases 32 percent to USD 61.63 billion

The Venezuelan government is still in arrears for expropriation of several private companies

Venezuela’s debt is still manageable but its burden is increasingly worrisome (File photo: El Universal)
VICTOR SALMERON |  EL UNIVERSAL
Friday March 05, 2010  01:03 PM


In January 2009, Jesse Chacón, then Minister of Telecommunications and IT, said that Venezuela would not be affected by the decline of oil prices, thanks to huge government savings.

However, the statistics issued by the Central Bank of Venezuela show that in order to balance Venezuelan accounts, Hugo Chávez's administration is resorting to borrowing.

In 2009, external debt, which includes government and state-run companies, increased by 32 percent from USD 46.65 billion to USD 61.62 billion.

Between 2007 and 2009, the increase of the burden has amounted to 58.2 percent.

Apart from the increase of the US dollar debt, commitments in Venezuelan bolivars have also increased. The Ministry of Finance said that between December 2008 and September 2009, VEB debt has increased from VEB 30.52 billion (USD 7.09 billion) to VEB 49.07 billion (USD 11.41 billion), a 60.8 percent surge in just nine months.

|
share
|
ADVERTISING SPACE
Dossier
Byelorussia admits irregularities in Venezuela

Byelorussia's Head of State admitted irregularities in the building project that his country develops in Venezuela. The National Government has not even spoken on the subject, but TV cable channels from Western Europe have certainly been warning that the very president Aleksandr Lukashenko informed -about a month ago- on infractions in these lands.

 Ranking
  •  Read 
 
clasificados.eluniversal.com Estampas
Alianzas
clasificados.eluniversal.com Estampas