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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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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