USD 2.24 billion for Venezuela's Treasury Office upon oil tax reform
Government expenditure is expected to soar amid additional income
Based on the economic and financial report of the tax reform, produced by the National Assembly, the Government will receive additional USD 2.24 billion due to the move.
The estimate surpasses that of Pdvsa, which calculated additional income for the Treasury at USD 318.08 million.
The approved reform will allow the Executive Office to keep up the spending pace reported in 2012.
Analysts are confident that the higher the income, the higher the expenditures. Apparently, there is no chance of cutting expenditure. Back in January, spending jumped 67% as against a year earlier.
Likewise, the volume of extraordinary operations in 45 days accounted for USD 1.46 billion. In other words, the official budget that began at USD 62.9 billion in 2013 is now at USD 64.5 billion.
Translated by Jhean Cabrera
At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.