Venezuelan President Nicolas Maduro announced his proposal for the country鈥檚 federal budget for 2017 on October 14 鈥 indicating that a staggering 73.6% would be dedicated toward social investment. It comes in a context of an economic crisis, including shortages of some goods.
In the days leading up to the announcement, the governing Untied Socialist Party of Venezuela (PSUV) held street assemblies with thousands of Venezuelans to discuss and debate the proposed budget.
鈥淚n a democracy like ours, the budget is debated by the people,鈥 Maduro said on October 12.