On Wednesday, the plenary session of the National Assembly approved, in a special session, the bills on the Economic Financial Year 2025, and the one corresponding to the Special Law on Annual Indebtedness for the Economic Financial Year 2025.
The first of the projects was presented by the deputy and president of the Permanent Finance Commission of the National Assembly, Jesús Farías, who began his speech by stating that "this is the budget for the victory of the Venezuelan people against imperialism and fascism; without this victory, Venezuela would be in chaos," he said.
He also stressed that this law concentrates all its efforts on the development and prosperity of the country, on independence and increasingly solid participation of the people, both in the design of the budget and in its execution.
He said that the aforementioned project is a very important instrument, from which the country's economic policies are planned, according to a philosophy, in this case socialism, from which "development is driven."
He stressed that the deepest roots of this budget are the Plan de la Patria, the development of productive forces, social justice, sovereignty, and independence, in a scenario full of aggression by the extreme right and imperialism through different means, such as the economic blockade.
He said that due to the blockade, the country has lost more than 200 billion dollars in the last seven years, however, despite this, Venezuela will be one of the countries with the greatest economic growth by the end of the year.
Farías stressed that today Venezuela has overcome the blockade and that macroeconomic values have been stabilized, among other things due to political stability and the vigorous democracy of the country.
He reiterated that the large social investment contemplated in the new budget will only be made under a socialist government, where the fight against bureaucracy and corruption will be guaranteed through People's Power.
Finally, he stressed that the country will never again have a budget formulated by the International Monetary Fund.
From the Special Law on Indebtedness project
Later, it was the turn of the deputy and member of the Permanent Commission on Economy, Finance and National Development of the AN, Ramón Lobo, to make his presentation on the draft Special Law on Annual Indebtedness for the Economic Financial Year 2025.
During his speech at the plenary session, Lobo explained that the aforementioned project contemplates the approval of up to 20 billion bolivars "for fiscal management" and an estimated 60 billion bolivars for "debt service."
He assured that these resources will be allocated "to the various actions, programs and plans that the national Executive has in place to strengthen productive capacities and the provision of services."
Deputy Ramón Lobo
The legislator explained that "32% of these resources go to electricity, 21% to transportation, and 11% to the Ministry of Water."
He explained that in the area of water, "structural projects are being proposed for the improvement of the massive drinking water system, but also for environmental sanitation."
He also indicated that "when we talk about electric power projects we talk about Termozulia in its second and third phases, when we talk about Tocoma, - Manuel Piar Hydroelectric Power Plant, in the state of Bolívar - we talk about spaces for the generation of energy, but we also talk about resources for the transmission of that energy."
He assured that the execution of this project will have a positive impact on the quality of life of the Venezuelan people and on the progress of the country's economy despite the attacks of the extreme right.
Finally, he stressed that next year "will be a year of prosperity for all the Venezuelan people."
