HomeEconomyBCV: National economy grew 17,04% in the first quarter of 2022

BCV: National economy grew 17,04% in the first quarter of 2022

It is estimated that for this second quarter economic growth will be 18,07%.

The president of the Central Bank of Venezuela (BCV), Calixto Ortega reported this Tuesday that Venezuela achieved the first quarter of this year 2022 a economic growth of 17,04%.

From the Ayacucho Hall of the Miraflores Palace, during the National Council of Productive EconomyOrtega announced that it is estimated that for this second quarter economic growth will be 18,07% only in the non-oil private sector.

Likewise, Ortega reported that Venezuela has four quarters of continuous double-digit economic growth.

Similarly, Ortega explained that during the third quarter of 2021, the Venezuelan economy registered an increase and stood at 14,65%, while in the fourth quarter growth was 19,07%, compared to the same period. from the previous year.

On the other hand, the representative of the BCV asserted that the Venezuelan fiscal, monetary and exchange policy has been strengthened and progress has been made in the main objective: "the stabilization of the course of inflation and entering strongly into the growth part."

For his part, President Maduro pointed out that there is record growth in the region, growth in the real economy. "Venezuela already has four continuous quarters of double-digit growth (...) Good news for the country, record growth in the region, growth in the real economy," said the President, who also attributed these results to the effort, union and national work.

tax collection

During the activity, the President of the Republic, Nicolás Maduro, announced that it will send to the National Assembly (AN) a draft Organic Law on tax harmonization, especially in the municipalities.

In this sense, the Head of State reported that the tax collection for the first seven months of this 2022 was 2.449 million dollars, double that registered on the same date in 2021, which was 1.072 million dollars.

Similarly, he said that by the end of this 2022 it is estimated to collect $4 billion in taxes.

“It is a good symptom of what can continue to happen and must happen. Growth for the full year 2022, measured in dollars, is projected at 120%,” Maduro said.

On the other hand, the national president estimates that tax collection for 2023 is estimated to be double that of 2022.

For this, the dignitary ordered the construction of a powerful national tax system that captures the wealth that is created so that it can be invested in salaries, social security, housing, public health, public education, recreation and in all the social rights that characterize the State. of Venezuelan Social Welfare, contemplated in the Constitution of the year 1999.

“It is the way, the creation of wealth, compliance with tax regulations, payment of taxes; and with the capture of tax it is one of the great ways of capturing the wealth that is created in society. And with the capture of that wealth, the possibility of investing in the economy, in the macroeconomic balances that are so important, investing in the micro and macro-social balances of the right to food, salary, social security, housing, education, to health, recreation and life in general”, he argued.


Maduro stressed that the Economic Commission for Latin America and the Caribbean (ECLAC), an agency dependent on the United Nations Organization (UN), projects economic growth for Venezuela between 5% and 10%.

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