Keys: In what consists the Economic Emergency Decree?

Hace 2 años.


The President of the Republic, Nicolas Maduro, signed a new decree of State of Exception and Economic Emergency, in force for 60 days, to confront the coup onslaught of the right wing, the economic war, to restore the productive capacity of the country, the protection of the people and defending the nation against foreign threats.

On January 14 this year, under Decree 2,184, published in Official Gazette 40,828, the Head of State dictated the first decree of Economic Emergency, an instrument for the financial and productive rethinking of the country in order to overcome the extraordinary situation created as consequence of the economic war and the downfall of oil prices.

This measure was extended for 60 days, as established by Presidential Decree number 2,270, published in the Extraordinary Gazette No. 6,219, dated March 11, it is intended to protect and guarantee the rights of good living of the Venezuelans.

These are the lines of the Economic Emergency Decree

1. To dispose the resources from the budget economy of the financial fiscal exercise 2015 in order to ensure investment to ensure continuity of social missions, investment in productive agricultural and industrial infrastructure and timely supply of food and essential products for life.

2. To assign extraordinary resources to projects anticipated or not in the budget law to the organs and agencies of Government to optimize care of Venezuelans in the sectors of health, education, food and housing.

3. To design and implement special measures for immediate implementation to reduce tax evasion and allusion.

4. To dispense terms and requirements proper of the public procurement regime to the entities and contracting agencies in certain sectors in order to expedite Government purchases that are of urgency within the term of this decree.

5. To have the managements, procedures and requirements for export and nationalization of merchandise.

6. To implement special measures to expedite the transit of goods through ports and airports in the country.

7. To dispense the exchange procedures established by Cencoex and the Central Bank of Venezuela to organs and entities in the public and private sector, in order to expedite and ensure the import of goods or essential inputs for domestic supply.

8. To require companies in the public and private sector to increase their production levels as well as the supply of certain inputs to production centers of food and essential goods, in order to ensure the satisfaction of the basic needs of the Venezuelans.

9. To take all necessary measures to ensure the timely access of the population to food, medicine and other necessities.

10. To adopt the necessary measures to encourage foreign investment for the benefit of the development of the national productive apparatus, as well as exports of non-traditional items as a mechanism for generating new sources of employment, foreign exchange and income.

11. To develop, strengthen and protect the system of Great missions and socialist missions in order to tend to the incorporation of small and medium producers, whether communal, private, State-owned or mixed.

A measure provided for in the Constitution:

According to the provisions of Article 1 of the Constitution of the Bolivarian Republic of Venezuela: “The Constitution allows the Executive to implement the economic emergency decree to adopt measures to address the economic situation resulting from the effects of unconventional war”, as noted at the time by then Vice-President of the Economic area of Venezuela, Luis Salas.

What has been the Economic Emergency Decree useful for?

President Maduro informed that within the framework of the Economic Emergency Decree have been issued 21 decrees for the protection of the people, resulting in the creation of the Local Committees of Supply and Production (CLAP), in the delivery of socialist missions cards and the vindication of the wages of workers.

During this period have been adopted actions to mitigate the effects of induced inflation, speculation, the fictitious value of the currency and the sabotage of distribution systems of goods and services.

In what consists the State of Emergency Decree?

The Minister for Communication and Information, José Luis Marcano, yesterday, in his Twitter account, said that this instrument:

– Will strengthen the reach of the CLAPs to advance the direct distribution of food.

– Will facilitate procedures for the approval of additional resources aimed at providing basic necessities.

– Will broaden participation of the FANB in the processes of distribution of food and medicines.

– It provides mechanisms for the FANB and security agencies to ensure public order against the threat of criminal groups.

– It ensures a greater participation of the private sector in key production processes.