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The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
The move was not altogether unexpected, with the energy ministry having previously hinted it was possible. It nevertheless feeds concerns that the outgoing administration of…
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DOI: 10.1108/OXAN-DB287238
ISSN: 2633-304X
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The deal, which was finalised under former President Guillermo Lasso (2021-23) and approved by the National Assembly in February, promises improved access to expanding Chinese…
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DOI: 10.1108/OXAN-DB287100
ISSN: 2633-304X
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The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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Their economic proposals are intended to impress voters but seem largely uncosted and risk generating unrealistic expectations of the winner. Polling points to a clear victory for…
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DOI: 10.1108/OXAN-DB287016
ISSN: 2633-304X
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Incumbent Nicolas Maduro will contest a third term, having been chosen as the ruling United Socialist Party of Venezuela (PSUV)’s candidate by ‘acclamation’. Under the electoral…
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DOI: 10.1108/OXAN-DB285794
ISSN: 2633-304X
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The constitution prohibits President Andres Manuel Lopez Obrador (AMLO) from standing again. However, given his continuing personal popularity and dominance of the ruling National…
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DOI: 10.1108/OXAN-DB286456
ISSN: 2633-304X
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VENEZUELA: Oil arrests may influence sanctions future
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DOI: 10.1108/OXAN-ES286343
ISSN: 2633-304X
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VENEZUELA/US: Sanctions look set to return this week
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DOI: 10.1108/OXAN-ES286449
ISSN: 2633-304X
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Thirteen candidates made the March 25 deadline. This did not include Corina Yoris, nominated three days previously by Maria Corina Machado, the disqualified candidate of the…