Venezuelan Government Will Allocate 76% of its Income to Social Investment in 2020
The Venezuelan government will allocate 75.9 percent of the 2020 budget to social investment, which places the country as a reference in the search for protection and fair distribution of income, said Executive Vice President Delcy Rodríguez.
This Monday the Venezuelan official presented the draft national budget for 2020 to the National Constituent Assembly (ANC) and other authorities. It provides 404 development projects.
“It will be a social protection budget, centered on the “Patria” System platform, a social equality budget,” she said.
#EnVivo || La VP. Ejecutiva de la República, @DrodriguezVen, presenta Presupuesto de la Nación 2020 ante la #ANC: Este es un presupuesto que está destinado a derrotar la guerra económica. El 75,9% del mismo está destinado para la inversión social. pic.twitter.com/gX7R1mVNDd
— Vicepresidencia Vzla (@ViceVenezuela) December 16, 2019
In addition, she stressed that, thanks to the 2019 budget, Venezuela ranks as the second nation with less inequality, with a Gini coefficient of 0.37.
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#EnVivo || La VP. Ejecutiva de la República, @DrodriguezVen, presenta Presupuesto de la Nación 2020 ante la #ANC: Hoy podemos decir, como el discurso del Libertador en Angostura: ¡Esta es #Venezuela, la Igualitaria!. pic.twitter.com/8UWWgXQfVB
— Vicepresidencia Vzla (@ViceVenezuela) December 16, 2019
Rodriguez added that the budget will also attend to basic services, infrastructure and production.
She said that it is a budget destined to break the racist model imposed on the nation by right-wing governments and that it is considered a victory against the financial blockade imposed by the United States.
“It is miraculous that we, the Bolivarian revolution, can guarantee medicine and food to the Venezuelan people,” she said when referring to US Sanctions.
Translated by JRE/EF
