Venezuela's public spending to underpin the socialist model in 2013
Public spending will continue to expand next year
As outlined in the bill, the socialist production paradigm will receive funds from ordinary and the so-called parallel expenditure, comprised by the National Development Fund (Fonden), the Chinese Fund, among others.
As suggested in the draft budget law for FY2013, "19.3% of the resources must be allocated to projects oriented towards the creation of the new production model." The bill adds that "the Chinese-Venezuelan Joint Fund and (the National Development Fund) Fonden will continue playing a decisive role in the execution of public works, the strengthening of small and middle-sized businesses, and the reinforcement of production chains."
The bill, submitted to the National Assembly last week, points out that "budget allocations are aimed at boosting the social economy." It also highlights, "The Government will continue developing and strengthening the endogenous production model, whose core comprises social production enterprises, family production units, cooperatives, and other social productive forms of organization set up in the very heart of the community."
In 2010, the Government enacted people's power laws providing for the creation of communal enterprises.
The goal is to let communities themselves to be in charge of the production of goods and services. In fact, the finance minister highlighted last week that "empowering people to manage means of production will lead to the expected results."
Translated by Jhean Cabrera
María Fernanda Astudillo is a store analyst for Alimentos Polar working at the company's facilities in La Yaguara. At only 23 years of age, she has made a career in that company where she has worked for the last six years. Now, besides her responsibilities, which include overseeing shipping/receiving and warehousing of goods, she is taking part in the roundtable discussions among the other companies operating in the La Yaguara industrial park, the Government and the workers exploring possible ways of coping with the order to expropriate the land.