In the special session this Wednesday, the plenary session of the National Assembly, approved in first discussion the draft Special Law on Annual Debt for the 2025 Financial Year, which was presented by the deputy and member of the Permanent Commission of the Economy, Finance and National Development of the AN, Ramón Lobo.
During his speech before the plenary session, Lobo explained that the aforementioned project contemplates the approval of up to 20 billion bolivars “for fiscal management”, and for “debt service an estimated 60 billion bolivars.”
He assured that these resources will be allocated “to the different efforts, programs and plans that the national Executive has to strengthen productive capacities and the provision of services.”
He explained that “32% of these resources go to electricity, 21% to transportation, and 11% to the Ministry of Water.”
He explained that on the issue of water, “structuring projects are being proposed to improve the massive drinking water system, but also environmental sanitation.”
Likewise, he indicated that “when we talk about electrical energy projects we talk about Termozulia in its second and third phase, when we talk about Tocoma – Manuel Piar Hydroelectric Power Plant, in the state of Bolívar – we talk about spaces for energy generation, but “We also talk about resources for the transmission of that energy.”
He assured that the execution of this project will have a positive impact on the quality of life of the Venezuelan people and the advancement of the country’s economy despite the attacks from the extreme right.
Finally, he highlighted that next year “will be a year of prosperity for all the Venezuelan people” and then delivered the aforementioned project to the president of the AN, Jorge Rodríguez.
