ESPACIO PUBLICITARIO
CARACAS, Friday November 02, 2012 | Update
 
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INDEBTEDNESS

Venezuelan Ministry of Finance places 97% of 2012 debt

In July, additional indebtedness for VEB 30 billion (USD 7 billion) was approved for payment of pensions and labor liabilities

The Venezuelan government completed the auction of bonds of the fourth quarter of 2012 (File photo)
EL UNIVERSAL
Friday November 02, 2012  10:34 AM

The Venezuelan government has speeded up bond issuance and placed 97% of the 2012 total scheduled indebtedness.

According to figures of the Ministry of Planning and Finance, out of the total scheduled indebtedness, which totals VEB 94.5 billion (USD 21.97 billion), bonds worth VEB 91.8 billion (USD 21.38 billion) have been issued until October 26, which represent 97% of total debt.

The Venezuelan Central Government initially estimated indebtedness at VEB 64.5 billion (USD 14.99 billion). However, in July, additional indebtedness for VEB 30 billion (USD 7 billion) was approved for payment of pensions and labor liabilities.

Further, the Central Bank of Venezuela (BCV) informed on Thursday in a press release that the bonds auction program of the fourth quarter of 2012 has ended.
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Gagging Twitter users

Pablo Jiménez Guaricuco was summarily dismissed from his Clerk III job at the Autonomous Service of Public Registries and Notaries' Offices (Saren). He read a notice published in a newspaper on November 5 informing the public that he was no longer employed to the Saren. He was sacked despite the fact that he was taking a leave of absence from work due to a work-related accident, and that he enjoyed security of employment under the parental job-immunity privilege. Most probably, the decision was influenced by his role as a union organizer. But what did he do, besides leading protests, to deserve the sack? Well, he allegedly sent off a series of tweets that definitely hurt the sensitivity of the Saren Directorate.

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