Acting President Delcy Rodríguez announced the creation of two Sovereign Funds geared for the efficient management of the country’s oil revenues. This measure seeks to armor the resources derived from energy activity, ensuring that every revenue is directly reinvested in the well-being of the Venezuelan people and in the recovery of the nation’s vital infrastructure.
The president explained that the revenues will be distributed along two strategic lines. The Social Protection Fund will be dedicated exclusively to strengthening salaries, health, education, and access to housing, prioritizing integral care for the Venezuelan families. Meanwhile, the Infrastructure Fund will concentrate its resources on the optimization of essential public services, such as the national electricity grid, the supply of drinking water, and the rehabilitation of roads throughout the whole territory.
As a guarantee of a transparent public administration, the Bolivarian Government announced the launch of an innovative mobile application for citizen audit. Through this digital tool, the citizenship will be able to access in real-time the management of these funds, knowing the available amounts and the progress of the financed projects.
With this mechanism, Venezuela positions itself at the forefront of technological advancements in matters of social control and transparency, allowing the people itself to monitor the use of the nation’s wealth.