Celebrating February 4th. 1992 Factoid #4: Some interesting numbers

February 4, 2007

-Last year the Venezuelan Government spent US$ 6.01 billion in military weapons and the military.

-Last year the Venezuelan Government claims to have spent US$ 16 billion on social programs ( We don’t know, US$ 6 billion were supposed to come from Fonden, but Fonden spent most of its funds on infrastructure projects and we really don’t know how much anyway)

-Last year the gasoline subsidy was between US$ 12 and 13 billion, a subsidy mostly to the rich who own cars. (Add to it US$ 2.2 billion in car parts imported to make cars at the official rate of exchange)

-The whim of nationalizing CANTV, EDC and taking 60% of all of the heavy crude projects will cost US$ 14.2 billion.

-48% of all Barrio Adentro modules are closed.

-Mercal has not imported food in two months.

This entry was posted on February 4, 2007 at 2:50 pm and is filed under Venezuela.

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