HOW DOES VENEZUELAN ECONOMY END 2021?
il economy, and with a gradual disinflation process, the Venezuelan economy closes 2021 with no clear prospect of a significant change that could lead to a sustained and robust inclusive growth
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Autor: Leonardo Vera
THE INFLATED ESTIMATES OF THE 2022 BUDGET LAW
In an optimistic scenario with the Venezuelan hydrocarbons industry consolidating an oil crude production averaging about 800,000 barrels per day for 2022 at an average price for the Venezuelan basket of 60 US$/bl, and with a domestic consumption of 75,000 barrels per day, the total oil export revenues would amount to US$ 16.42 billion. If this happens, the resources contributed by the industry would represent 50% of the export gross revenues.
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MADURO ENDS 2021 OUTLINING HIS NEW STRATEGY FOR MEXICO
The Venezuelan opposition will close 2021 more fragile and divided because of the showdown over the constitutional continuity of Juan Guaidó’s Interim Administration and the 2015-elected National Assembly. However, while the different opposition factors fail to reach political agreements to unanimously support the reform of the Statute Governing the Transition (establishing the powers of Juan Guaidó as interim president) and the reform of the Venezuelan Liberation Fund (defining the access to overseas assets), chavistas are focused on changing and defining the main point to resume talks in Mexico: the reinstatement of the Supreme Court of Justice (TSJ).
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