Venezuelan government will debate tax reform with economic sectors

After carnivals, we are going to have a meeting with all economic sectors to talk about the issue of taxes, a great necessary fiscal reform, consensus, it is one of the great consensuses, the consensus of economic recovery and it is the first necessary transformation of the 7Ts that we are consulting,” reported the president of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, in the seventh edition of the Maduro Podcast.

In this sense, he recalled that in January internal taxes increased by 52 percent, which translates into 5,500 million in foreign currency that will be used to advance the protection of the Venezuelan people in terms of health, education, income of workers, housing, infrastructure, 1×10 of Good Government, Great Missions, among other social programs.

The head of state stressed that internal taxes must be increased, “which are the taxes that are collected in the country, it is clean money because it arises from production, I have a company, I produce and I am obliged by law to pay taxes here and beyond; We have increased 52 percent and we have to increase much more, we have to be clear about that,” he stressed.

Inflation:

Likewise, he pointed out that monthly inflation at the beginning of 2024 has been the lowest since 2006, a period in which Venezuela had not yet been a victim of the so-called sanctions imposed against the country by the North American government: “We are achieving it with our own efforts, with intelligence, with wisdom and with a team of good advisors led by Delcy Rodríguez.”

For her part, the executive vice president commented that the collection of taxes becomes a source of tax revenue to promote social missions and the functioning of the Venezuelan State, which is why they are working to optimize various aspects to consolidate the balance. economic relationship between the productive forces and the consumption of goods and services.

She noted that in the more than 31,000 assemblies that have been held to debate the seven transformations (7T), the population’s interest in the economic issue has predominated. “There are constructive proposals and we are reviewing them so that you can have a guide and see if it is necessary to reform or add any T.”

The vice president said that other of the most important issues for Venezuelans present at the assemblies are education and health. In turn, she expressed that the government cabinet remains deployed and encouraged to debate with the people the 7 transformations proposed by President Nicolás Maduro.

Meanwhile, the first combatant woman, Cilia Flores, maintained that the entire people, as well as the social missions and each of their leaders have been fully involved in the 7T debate, with the aim of continuing with the recovery of the country to recover the social well-being in the nation.