Research firm estimates Venezuela's fiscal deficit at 15% of GDP
Economic research firm Ecoanalítica director José Luis Saboín claimed that the fiscal gap amounts to some USD 40 billion
During the presentation of the Top 100 Companies 2012, organized by the Venezuelan-American Chamber of Commerce and Industry (VenAmCham), Saboín, an economist, claimed that the fiscal gap amounts to some USD 40 billion.
The expert said that the gap is associated with the elections and the welfare programs commonly known as missions, including the dwellings the Venezuelan Government is building across the country.
The director of the economic search company also commented about the rapidly growing domestic debt: "A voracious trend in the issuance of debt bonds has been observed."
With reporting by Mariela León
Translated by Jhean Cabrera
Luis Jiménez Alfaro seems to have hidden under the rocks. The last time he was seen was on April 2006 walking calmly around Simón Bolívar International Airport of Maiquetía, located nearby Caracas. At that time, more than five tons of cocaine arrived in Mexico in an airplane which took off from Venezuela, and his name featured as a missing piece of the puzzle of one of the most massive drug shipments that has been witnessed in the Western Hemisphere.