The budget was approved unanimously and the president of Parliament Jorge Rodríguez ordered it to be sent to the National Executive for its promulgation.
“This budget is fully in line with the historical project of Commander Hugo Chávez, and almost 80% is related to the social issue,” said Deputy Jesús Faría, during the debate broadcast on ANTV.
Plenary approved this Thursday the Operating Income and Expenses Budget of the Central Bank of Venezuela (BCV) for Fiscal Year 2023, for 6,477 million bolivars, which will be used for the growth and strengthening of the organization. pic.twitter.com/h2iMq2zPuz
— National Assembly ???????? (@Asamblea_Ven) December 15, 2022
In the same way, he asserted that with the project money is redistributed to the interests of the people, for which reason Parliament considers the instrument as the most important for the development of the country.
The Budget Law for 2023 contemplates 77.1% for social investment, with the total budgeted being 170 billion 703 million 832 thousand 051 bolivars whose origins are derived from 88% of current income (149,824 million bolivars) and 12% (20,880 million bolivars) of public credit operations, said Vice President Rodríguez, last Wednesday in her presentation.
In this sense, the regions will have a constitutional situation of 8,293 million of which 6,634 million correspond to the states and 1,659 million to the municipalities.
#15Dic || During the ordinary session this Thursday, the Special Annual Indebtedness Law for the 2023 Economic and Financial Year was declared sanctioned, which sets the maximum amount of debts that the Republic can incur through public credit operations. pic.twitter.com/FfAJQPKIrC
— National Assembly ???????? (@Asamblea_Ven) December 15, 2022
In addition, resources of 2,870 million bolivars are contemplated directed to the Interterritorial Compensation Fund through the Federal Government Council; and additional resources will be allocated for health care in the regions for 2,262 million bolivars.
The distribution of the budget will be 23% for Health and Social Security, 20% in Education, 15% in Internal Security, 6% Social Development, 4% in Productive Infrastructure, 3% in Cultural Housing and 4% in Regional Development, 2% in Social Communication and 2% in Science and Technology.
