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NotiSur PDF file 1992 right arrow May

Venezuela: Federal Government Plans To Borrow US$3.4 Billion To Cover Budget Deficit

ISSN:1060-4189
LADB Article ID: 061088
Category/Department: General
Date: Tuesday, May 26, 1992
By: Barbara Khol

On May 20, Planning Minister Ricardo Haussman announced that the federal government plans to borrow about US$3.4 billion to cover a budget deficit. As a result of reduced oil export earnings, the government was forced to cut the budget by 12% to...

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