A group of economists from the region held an open and public discussion about the country’s economic prospects for this year 2022. There they denied the thesis that Maduro pretends to “sell” that Venezuela was fixed.
By Correspondent
Ezio Angelini, President of Fedecamaras-Zulia (Zulia State’s Chamber of Commerce), said that it is essential that the authorities solve the “political puzzle” that has Venezuela detained in all other areas of national life.
For the representative of the business leadership, it is essential that politics allows the social and economic actors to go beyond them, respecting the competencies of each one.
Mr. Angelino asserted that the role of politics is that power spaces in the country should be concerted.
“So that the conditions are generated so that business, commerce, entrepreneurship and unions can develop assertively and design growth paths for the nation.”
Gustavo Machado, a professional in economic science, assures that the country has a temporary crisis “which we can solve through the mere manipulation of macroeconomic variables and we have a structural crisis that starts from the economic sphere and moves to the social sphere, as we can all remember what happened in the events of the “Caracazo” (riots in Febrary 1989), and then moves to the political sphere and its solution sequence is inverse.”
Rodrigo Cabezas, former Finance Minister of President Hugo Chávez, asserted that the main economic and social imbalances continue in the Venezuelan economy.
For him, who is also a politician, these imbalances, beyond the macroeconomics, are economic and also social.
“The man, the woman is the object of the economic policy to produce, consume and distribute, it is a sine qua non”.
In this sense, Mr. Cabezas speaks of inflation as one of the first variables of these socio-economic imbalances:
“We must have the highest inflation on planet Earth, and with an inflation of that magnitude the economy cannot work, because there is a terrible distortion of relative prices and even more so when it is observed that in the short term, the current government stopped the inflationary process; but the fiscal deficit persists in the central government at between 9 and 11% of GDP. This deficit, which translates into not having all the necessary resources to spend, leads it to monetize the deficit, that is, look to the BCV (Central Bank) for the resources to finance public spending,” he pointed out.