2011 Venezuela Budget Depends Less on Petroleum

By TAMARA PEARSON - VENEZUELANALYSIS.COM

Merida, October 22^nd, 2010 (Venezuelanalysis.com) – Hoping to increase social spending from last year’s 45%, legislators discussed the budget framework presented in the National Assembly Thursday, which includes an overall income and expenses of  Bs 204.208 billion (US$ 47.5 billion), 28% higher than the 2010 budget of Bs 159 billion.