The Finance Minister, Fausto Herrera, announced the arrival of the document to the Assembly, which provides a budget of $ 34’300,630,000 for 2014.
The figure represents 5.97% more than the total initial budget recently approved in 2013, of $ 32’366,800,000.
The Ministry reported that budget revenues without the funding category, total an amount of $ 26,313 million and expenses without depreciation $ 31,256 million, representing a deficit of $ 4,943 million that, according to the Ministry of Finance, it’s adequately funded.
The entry that must be paid for the payment of the external debt reaches $ 2’538,500,000. In this sense, public funding is at $ 7’577,400,000.
He also announced that by 2014 the price of oil will be $ 86.4 per barrel. The figure is slightly higher than the price set for 2013, which was $84.9 per barrel.
The Assembly should address the issue of the budget and review if it contains unconstitutional subjects before submitting it to the Executive for approval.