The President of the Republic, Nicolas Maduro, said on Thursday that, despite the current economic situation and the low oil prices, social investment has increased from 64 to 71 percent for the development and happiness of the people.
From Monagas state, where it was made the activation of the engine for basic, strategic and Socialist Industries, he noted that the oil rentier model had created a fictitious economy that dominated the economic game to access the free exchange systems, which actually were «oligarchical, usurer and speculative systems».
Also, the President urged people to do everything possible «To break the model of oil dependence, with joy, with faith, with determination, with a plan; Let’s not let anything stop us», he said in a joint radio and television broadcast.
It is noteworthy that the Bolivarian Economic Agenda is composed of 15 engines that seek, with the participation of the private sector, to be an alternative to oil profiteering.
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