Venezuela's budget surplus in 2012 at USD 9.06 billion
The surplus is enough to cover additional credits in 2013
One of such sources is the budget surplus (USD 9.06 billion) of 2012, which are budget funds that were not executed.
In general terms, any surplus is deposited in different parallel funds administered by the Treasury Office. Funds are allocated based on the additional operations that may be necessary.
Since early January, the Executive Office began using such resources. Unlike other periods, early in 2013, the government increased expenditure and took on additional credits financed via parallel funds.
To date, the National Assembly has approved some USD 1.17 billion, and this figure may grow upon this week's additional operations.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.