CARACAS, Friday November 02, 2012 | Update

Pdvsa to finance welfare programs and projects in 2013

Contributions from Venezuelan state-run oil company Pdvsa will amount to USD 19.3 billion

Oil windfall revenues will be allocated to social programs commonly known as great missions (File photo)
Friday November 02, 2012  11:36 AM
As provided for in the draft Budget Law for fiscal year 2013, recently submitted to the National Assembly, Venezuelan state-owned oil company Pdvsa has been once again assigned the task of financing social plans and those concerning production. 

The FY2013 budget indicates that the funds to finance welfare programs commonly known as missions, labor liabilities, and production programs will stem from ordinary and special contributions from the oil sector.

To cover public expenditure in 2013, the Government has estimated oil sector contributions at USD 19.3 billion. Additionally, it expects contributions to be higher due to windfall oil revenues and the so-called parallel funds fueled by different financing sources.

The FY2013 budget stipulates the incorporation of new leveraging mechanisms and long-term domestic investment through oil sale agreements entered into by Venezuela and China.

Translated by Jhean Cabrera
Living with HIV/AIDS (II)

At first she agreed that I use her real name, that she had no problems with that at all. After all, living with HIV had driven her to help others – as a workshop facilitator giving talks and conducting seminars, or as a volunteer for local AIDS Service Organizations like Acción Solidaria (Solidary Action) and Mujeres Unidas por la Salud (Women United for Health, or Musa), a support group network for HIV-positive women. But when we were well into the interview, the realization that she might lose her private health insurance coverage made her change her mind.

fotter Estampas
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