During his program “Con Maduro Live De Repente” (Suddenly With Maduro Live), the president of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, approved the budget for 2025, highlighting that «for the first time it will be totally oriented towards social and communal investment.»
«It is the law of the Nation and it must reach my hands to sign it in use of my constitutional powers and the country has, as it should be, its 2025 budget,» emphasized the President.
The Head of State explained that they are creating the Communal Portfolio Fund for social and communal investment, so he estimated that the Communal Portfolio Fund has a goal of 600 million dollars (equivalent in Venezuelan Bolivars.), for community projects, and an additional 200 million dollars prepared by the Federal Government Council.
He also highlighted that in 2025, four consultations will be held that could be carried out by the end of January, although the exact date of the first consultation is not known:
“2025 will be the year of the Big Bang of territorial, communal investment, in the direct needs of the people; combining debate, consultation, direct democracy, 1×10 and the country’s resources, budgeted directly to the communes”, emphasized President Maduro.
Meanwhile, the head of the Capital District government, Nahum Fernández, pointed out that this is an extraordinary transformation, «because of what will happen in 2025, in view of what the 7T are»; and in addition to this, he asserted that the Communal Councils know that 70% of the budget belongs to the communes.
«The budgetary scope has changed, it is a transformation of the State, political, cultural, in addition to an important economic transformation,» emphasized the head of the Capital District government.
