President Maduro thanked the AN for approval of the Budget Law for the year 2025

Published at: 05/12/2024 07:13 PM

The President of the Republic, Nicolás Maduro Moros, thanked the approval by the National Assembly (AN) of the draft Budget and Debt Laws for the next economic and financial year 2025, in which it is emphasized that 77.6% of the resources for next year will be directed to social 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 Community Portfolio Fund for social and communal investment, so he estimated that the Community Portfolio Fund has a goal of 600 million dollars (its equivalent in Bs.), for community projects, and in addition, 200 million dollars ready by the Federal Governing Council.

He also highlighted that in 2025 there will be four consultations that could be running by the end of January, although the exact date of the first consultation is not available.

“The year 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 commune,” emphasized President Maduro.

Mazo News Team