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Venezuela Proposes $19.9 Billion Budget, Boosts Oil Production

12/5/2025

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Summary

Story summary

On December 4, 2025, Delcy Rodriguez, Venezuelan Vice President, presented the 2026 budget proposal to the National Assembly, seeking approval for about $19.9 billion.
Rodriguez said nearly 78% of the budget would fund social programs.
Venezuela's oil production rose to 1.17 million barrels per day in November, up from 1.13 million in October.
Output of refined products increased to 174,800 barrels per day in October, up from 146,200 in September.

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Story summary

On December 4, 2025, Delcy Rodriguez, Venezuelan Vice President, presented the 2026 budget proposal to the National Assembly, seeking approval for about $19.9 billion.
Rodriguez said nearly 78% of the budget would fund social programs.
Venezuela's oil production rose to 1.17 million barrels per day in November, up from 1.13 million in October.
Output of refined products increased to 174,800 barrels per day in October, up from 146,200 in September.