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Havana. October 21, 2014

Venezuelan National Assembly analyses budget for 2015

The National Assembly of Venezuela (AN) will analyze the budget for 2015 during an ordinary session this Tuesday, October 21.

The debate on the document which was drafted by Vice President for the Economy, Rodolfo Marco Torres, includes details on the distribution of finances for each of the ministries and centralized institutions, according to the deputy, Ramón Lobo, who spoke to Prensa Latina (PL).

The parliament should approve the budget in the first reading and then forward it to the Committee on Finance and Economic Development (CFDE), which, in turn, will submit it to the study of experts in each area, prior to final approval, Torres added.

The CFDE endorsed several credits for social investment on Monday, two of which were destined for the Ministries of Higher Education and of the Communes, both institutions involved in the profound changes taking place in the country.

President Nicolás Maduro recently informed that the 2015 budget was calculated based on the sale of oil at an average price of $60 dollars per barrel. (AIN)

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