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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They are marching in step to the same tune. There is a coordinated effort to position the idea. The Twitter hashtag  #YoSoyVictimaDeLaGuarimba (I'm a victim of "guarimbas", or protest barricades) can be read on all pro-government Twitter accounts, including those of the ruling United Socialist Party of Venezuela (PSUV), the National Assembly's Press Office, the state-run food distribution network PDVAL, state airline Conviasa, the Venezuelan embassies in foreign countries, radio stations and the huge media network responsive to the Government's interests and messages.

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