The National Assembly approved by qualified majority this Thursday, in first discussion, the draft Special Law on Complementary Debt for the 2024 Financial Year.
The president of the Legislative Branch, deputy Jorge Rodríguez, reported that “the draft Special Law on Complementary Debt for the 2024 Financial Year is approved by a qualified majority” and requested that it be incorporated for a second discussion peremptorily.
According to the agenda of the ordinary session, the process was carried out in accordance with the provisions of article 204 of the Constitution, in accordance with the provisions of article 87 of the decree with the rank, value and force of the Organic Law of the Administration Public.
#10Oct || The Draft Special Law on Complementary Debt for the 2024 Financial Year is Approved by a Qualified Majority. pic.twitter.com/ZZYH6ju0sA
— National Assembly 🇻🇪 (@Asamblea_Ven) October 10, 2024
Deputy Ramón Lobo, who was president of the Central Bank of Venezuela between 2017 and 2018, presented the project, recalling that the regulations “feed the resources of the national budget, which we obtain internally through tax activities, but also as an alternative financial source, and particularly, we have used this public credit instrument with the purpose of strengthening productive capacities, which has been expanding in the data that we were able to see in recent days, published by the Central Bank In Venezuela, the gross domestic product showed a positive variation of 8.8%, that is, an expansion of the productive force,” he highlighted.
The parliamentarian added that the national price index showed “excellent behavior”, detailing that the variation last September was 0.8%, a cumulative variation this year of 12.1% and an annualized variation of 25.5%, “ This is precisely due to the use of the main planning and operational instrument, which is the budget where this complementary law is found.”
In this sense, the deputy explained that the national Executive presents the complementary law for 20 billion bolivars under the figure of contracting and disbursement.
“Once it is approved by the National Assembly, it becomes part of the national budget in accordance with the orientation that the Executive is proposing, which is focused on continuing to strengthen both productive capacities and service capacity in order to improve and continue advancing in the recovery of the quality of life of the Venezuelan people,” he reiterated.
For his part, deputy Luis Eduardo Martínez declared that they would support the request made and that he hopes that the deputies will be informed about the destination of the resources.
