- 5 weeks ago
Venezuelan Executive Vice President Delcy Rodríguez presents the Budget Bill for the 2026 Economic and Financial Year to the National Assembly. teleSUR
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00:00Hello, join us as we go live to Venezuela, the ordinary session of the National Assembly
00:09is underway. Let's listen.
00:11Invasions, coups, and the most sophisticated and new ways that we know of electoral fraud
00:21to attack and take the political power in countries like Ecuador, for example, when
00:28there was an electoral fraud for drug trafficking to continue. And that is why we haven't hesitated
00:37in sustaining the truth of Venezuela and reaffirming our truth. Everything else is a group of lies
00:45to be able to justify an intervention. And as it was well denounced by the president,
00:51facing the countries of the OPEP and the OPEP Plus, it is a lie, a group of lies, to take
00:58the resources, the energy resources of Venezuela, of the greatest reservoirs of petroleum that
01:05is in the whole world. It is the reservoir of Venezuela, the only one with that volume,
01:14that amount of petroleum that is wanted historically by the United States of North America. And that
01:21is why when we studied the history, we know what has been to have a policy, a sovereign policy
01:31on our energy resources or the policies of giving them. The first one who defended the sovereignty
01:40on the energy resources was our father, Liberator Simón Bolívar with the decree of Quito in 1829,
01:49when he said, the mines of any kind correspond to the Republic. Bolívar had that nationalist
01:57vision of the resources, the natural resources of Venezuela. And from then forward, from the
02:07happening of petroleum known by our original people as many, and then with the first petroleum
02:13company of Venezuela in 1878, the petroleum of Tachira, already the path was been able to
02:24see. The first one, we were born as a petroleum company with two fundamental characteristics that
02:31today are more alive than ever. The first one is that this company was formed with Venezuelan
02:37men and women, not with foreigners. It was with the labor strength of Venezuelan men and women.
02:46And the second is that the petroleum of Tachira had a vocation, an international vocation. The
02:54kerosene that was producing Tachira was exported to Cúcuta. That was how our petroleum company
03:01was born. And from there it has started and it has gone through a path filled with difficulties
03:07among those who have had a position of delivering and those who have had a vision, a strategic
03:17vision for the development of the Venezuelan people, of sovereignty and defense of the resources.
03:24Yesterday, the president Nicolas Maduro subscribed, as you know, the special plan of development
03:31investment for the Lake of Guanuco, which is the biggest lake in the country. It was Guzmán Blanco
03:40who delivered it to the United States, Hamilton and Phillips. And two years later, they decided to sell it
03:50to another company of the United States, the Bermuda's company, very well known. And that is how
04:00Venezuelan concrete reached the streets of New York, the main avenues of Washington, Pennsylvania
04:07Avenue. It also reached France, also the Elysium Champs. It also reached Brazil and the world. But
04:16yesterday, President Maduro made an extraordinary announcement, the plan of development with national
04:21and international investment of the Lake of Guanuco. And the 25% is worth the projects of the communes. And the
04:29communal councils. It is the asphalt for the people. It is our natural resources for the development, the
04:37national development. But the Lake of Guanuco has a lot of history because the first dispute that is done
04:46between a transnational company and a Venezuelan government, it is done in the presidency of
04:53fucking Crespo, precisely for the Lake of Guanuco. And it was an international dispute. And I make reference to
05:00because I was saying that we have walked a very torturous path in the defense of our resources, our
05:07energy resources, and what is happening today. This new stage of the history of Venezuela. After, we all know what it
05:17meant, Juan Vicente Gomez, in the history, but in the energy history, it resumed in the first
05:24lucky of the United States, and the delivery of our resources of concessions without any kind of tax, without
05:32any kind of prices. Our history will be vindicated with Isaias Medina and with his policy of 50-50. He went
05:40precisely to the U.S. Capitol to defend the law of hydrocarbons in Venezuela when for the first time it
05:48was established benefits to Venezuela. Well, Isaias Medina, as you know, did the hydrocarbon law. Then it was
06:02overthrown in 1945, that law. Why? Is it relevant? Because it puts us in what we are living today. Then it
06:15came, I am talking in general, of the most relevant facts. Then the dictatorship of
06:23Pérez Jiménez came, and the Punta Feliz, as well, and on January 1st of 1976, Carlos Andrés Pérez Oregón
06:32nationalized the petroleum industry. This is a company that was created, the Venezuelan company. It is an
06:40industry for Venezuelans, he said, and it was the great farce known as the nationalization to
06:47Tukuta because they left Venezuela the most expensive process of exploration and production, and the
06:54commercialization was still in the hands of its various national companies, mainly the U.S. ones who
07:00continue to maintain internal control of our industry through technological contracts and through
07:07administrative contracts. It was the Tukuta nationalization from nationalist sectors of our country who
07:14raised the flags against what was that great farce. Then history, the so-called petroleum opening, which
07:24re-indicated the concepts of Juan Vicente Gomez of delivering, that re-indicated that the petroleum of the
07:35Orinoco was carbon, and it was sold at the price of carbon. Imagine the size of that steel from our
07:48homeland, until Commander Hugo Chavez came, and we can say that he re-indicated our Father Liberator,
07:55Simón Bolívar, and Cipriano Castro, and Isaias Medina Angarita, and he had a policy of sovereignty, and in the
08:05year 2001, through the law, he approved the law of hydrocarbons that started the coup in the year 2002, but we
08:16were coming from the Constitution of the 1999, where it was clearly established that PDVSA is a Venezuelans, and it
08:25cannot be privatized, it cannot be sold, and that caused in our historical enemy, the United States, well, the
08:38biggest concerns and the biggest conspiracies of knowing that they were losing the control on the petroleum
08:47reserves of Venezuela, of knowing that they were losing the control on the gas reserves that Venezuela has.
08:56Imagine, and Chavez came in, he said, that's not carbon, that's our petroleum, and today we sell it as extra-heavy
09:07petroleum, we do not gift it away as carbon, which was the policy of Punta Fijismo, of the sell-out, which gave a
09:15different page to the delivery process of Juan Vicente Gómez, and I say, this stage, then, it is the turn of President
09:25Nicolás Maduro, and you turn deputies, and as the government of President Maduro as well, to defend and never give up our
09:36natural resources and our energy resources. President Maduro has had a policy, a visionary policy of defense, of facing the
09:48criminal blockade for Venezuela, to be able to recover the industry of hydrocarbons, and today we can show that we have been in a
09:59process of recovery of the petroleum production with our own efforts, but looking always towards the future with a goal that was set by the
10:13President for the President for the end of this year of reaching the 1,200,000 camps as he has announced, so this is the path that
10:24Venezuela is on, under siege, threatened. It is the way of economical recovery through the effort of Venezuelan women who are
10:34the workers, the workers, of the productive union, of the economy of entrepreneurship, of the communal economy, of the
10:43industrial sectors of the country, in the union, national union, for production, and despite the blockade. This
10:53process establishes that for the year 2025, Venezuela continues leading the economic growth of
11:02Latin America. It projects a 6%, but we already know that we are overcoming that number, and we have
11:10consolidated at least 8.5% in the PIB. Focus, as the President has said, in the real economy, in the petroleum
11:20activity, almost with a 16% in the construction, with almost 12% in commerce, with 8% in miner, as well with
11:329%. And we have seen the process of recovery of production. I didn't want to torment you because if we went
11:42step by step, we would spend hours, but what we can say is that the balance is positive in the production of
11:50petroleum. It is a sustained, stable growth despite the sabotage which they have done. Despite that, we are
12:00having a sustained growth in the exports of minerals and iron. They're the biggest one of the last decade, and there's a
12:08growth in relationship to last year of 101% already towards the plan of national development. Not only the export,
12:18but also the ended products, the final products for us to change the national productive processes to push the
12:27different sectors of industry and manufacture the production of gold and growth, the public sector with a very high
12:36percentage as well, and the private production with a 41%. Pay attention to this, the rise of consumption in
12:4438%, almost 39% in the growth of consumption in October compared with the year 2024, the growth of the real
12:55consumption of what is really given in the commercial sectors and the consumption that the CENIAC was able to
13:04perceive to also have an increment in the recovery of tax in relationship to the year 2024. But when we look at the
13:16surveys that the private sector does specifically as an industry, the capacity use of the industry grew. It is reaching almost 50%. We are
13:32coming from the year 2019, very hard moments of the blockade in 20.6%. And this year, we also have a
13:42blockade, the blockade has worsened. We are threatened by Venezuela says that we are not going to give up and we
13:50continue moving forward, recovering our productive capacities. The agricultural sector in growth, I'm going to say it quickly,
14:00and I repeat if we go item by item, the chicken 13%, picks 3%, cocoa 9%, coffee 5%, sugar 8%, rice 17%, yellow corn 52%, milk 13%, cow milk 3%, eggs 4%, fruits 122%,
14:28fruits 122%, 26% of legumes, and other vegetables 201%. So is Venezuela more productive or not? Is Venezuela, the productive
14:46Venezuela, Venezuela has been emancipated. We are not subordinated to the mandates of Washington. We are
14:52standing producing to fulfill the foods and the medicines and to guarantee the services to our population. Pay attention here.
15:04Here, these are statistics of the United States that recognize the recovery of the consumption of protein in
15:12Venezuela of the chicken, of meats in the year 2025. This is the recovery. These are not our statistics. The
15:22petrochemical industry grew a 4%. The production of medicines grew a 29.6% and its growth in unities
15:36in a 17.6%. What is that due to a recovery program and a very clear policies that are adapting according to
15:46to how they want to? More blockade, more boldness, more creativity, more innovation, and more popular power
15:56to answer to the criminal blockade. The imports dropped a 9.5%, but because they were accompanied by a
16:08very clear plan of substitution of imports as you saw that productive growth in the agro industry and the
16:16productive sectors allowed the substitution of imports and the saving of currencies, a very clear policy of
16:24protection of the national industry. And we're talking from a number of effective protection of the industry that has
16:3214 points. When we were coming from three points, what we protect the most is, well, where we have the most
16:41tariffs is in the finished products to accompany the productive processes of the national industry and for us to be
16:50able to have more space in national material and other processes to the production. Where did we have the
17:01substitution of imports? We had it in rice, in corn, in sugar, in pastas and in medicines and in oils as well.
17:10There is a very clear policy of taking care of the currencies facing a criminal policy of aggression against our homeland.
17:21There is a picture that I wanted to bring. Due to the situation, you know, that they have wanted to say
17:30now that they control our airspace in a frank violation of sovereignty because the only entity and organ authorised to
17:38control the operations of our airspace is the National Institute of the Civil Aeronautics, an organism of the
17:48Ministry of Popular Power for Transportation in the year 2025 in October. Pay attention to how the international
17:55arrivals had increased. What do they look for with this policy that is warmongering and threatening and aggressive?
18:03They have a strategic objective, which is the Venezuelan economy. Well, President Maduro has already created a plan to
18:10guarantee the arrival of those who were outside and those who have plans of traveling during Christmas, but also the
18:19protection to the tourism plans that we have been exercising precisely in the favor of the national development and the economy. We are reinventing
18:30ourselves where they attack the Venezuelan people, counterattacks the Venezuelan people, ends up being victorious. And here we have the
18:41numbers that prove what I am saying. Well, dear deputies, this is a budget that has always, as we always say in the last two years, it was not
18:59elaborated by Ricardo Menéndez in his office. Ricardo Menéndez and all of the government team had products, assemblies, over 100,000
19:10assemblies in the communal circuits in the territory. A transformation plan, the plan of transformation of the
19:1870s, the economical transformation, to change the turn to the model that depends, that rents to us to expand our
19:31productive capacity where we incorporated in the productive base, the economy, the communal economy, and the economy of
19:41the country. We are going to see it expressed in the budget of the third transformation for the security of our
19:54country today threatened, but the people organized, defending, and guaranteeing our territorial integrity, our
20:03sovereignty, and especially the tranquility and the peace of our people. The fourth transformation of the social
20:10development and the system of missions and great social missions, the fifth transformation, the
20:16transformation of the politics, where the political power is there in the territory, where the popular power
20:23is consolidated as the column to lead the destiny of Venezuela. It is not a group, it is not a dome, it is not an elite. It is the
20:34popular power who today has the political power and exercises this transformation. The sixth
20:41transformation of ecology, of science, technology, and the respect of the rights of our mother nature and
20:49a seventh transformation which is the geo policy that has us in this situation and as our Bolivarian diplomacy of
20:59peace has deployed internationally in the defense of Venezuela. Dear deputies, the budget that has been
21:10designated for the year 2026 extends to the amount of billions of dollars.
21:1678,785, but the social intentions of this budget is of the 70.8 percent, 77.8 percent. And I stop here to compare what was the budget of the fourth republic in which the
21:23investment was not a social investment was not a social expense, but a social expense. I never overcome the 40 percent. Here it is a
21:40what was the budget of the fourth republic in which the investment was not
21:46a social investment but a social expense and never overcome the 40% here is the
21:53difference in the vision and as I was mentioning we are not a government no
21:59we are the expression of what the popular power is of the people of
22:06Venezuela organized that have launched the most strong battles in the defense of
22:11this homeland and maintains this country victorious and undestructible and in
22:162024 the social investment represented as seventy seven point four percent and
22:25also in the current year a seventy seven point six percent and for the twenty
22:30twenty six year it is expected as seventy seven point eight percent but the
22:37priority of this budget in this social investment is precisely the social
22:45development and participation almost a thirty percent in infrastructure in
22:51education in health in security in households in communicational culture in
23:00science and technology in the defense of the Ezequivo as we just approved two years
23:05during this very National Assembly in the fund of compensation interact
23:12territorial and the most important aspect of all the participation in the
23:19budget as an experience unprecedented ever since last year in the popular
23:28consultations we have voted the people have voted through assemblies to decide
23:33where this budget goes to if it's in stairs in facades in in groups in drinking
23:42water in transportation in projects for the youth doesn't matter which one the people has voted 33,200 projects and has
23:56accumulated an amount of 262 million of dollars in direct investment in the
24:02people's on those elect those projects collected by the people so dear deputies women and men it is
24:10expected in this budget as I was mentioning projects in the economic field with 31% in humane cities and social services that is also
24:27analyzed in the depth of the financial here for 2026 policies 10% in eco-socialism 8.9% in
24:37energy politics 1.6% security and defense 5.5% that's the project that is going to be
24:45into effect from a territorial mission and from a participatory and protagonistic vision of the
24:53people of Venezuela through the state of the communal state that where the projects are going to be directed and
25:00also the projects of 2026 are going to be concentrated in the concrete agenda of
25:05education household energy water work social works defense those are the needs
25:15fundamental needs and essential needs of our people you will see you'll never be that
25:22seen there on prioritized on prioritized aspects but it is being voted is for the life of the people the
25:34happiness of the people is for the facilities of our people the better the benefit of our peoples in the
25:41territories and this budget for 2026 has also includes the resources required for the security and for
25:53the defense of Venezuela for the defense of our in territorial integrity for the defense of the
25:59national sovereignty and most important of all for the defense of our dignity history historic dignity
26:05no one is going to surrender here and no one is going to take any other path then of those who
26:13never failed Venezuelans of those who handed over their historical patrimony for those who
26:19compromise their nationality and their names I say as as believers said let's unite and we'll be
26:28we're going to be invincible united not even the whole world is going to be able to defeat us
26:33deputies women and men we have no parties we what we are is Venezuelans true Venezuelans
26:43Venezuelans by heart Venezuelans with conscience thank you very much deputies women and men I ask for
26:51your greatest collaboration for this budget be approved for the year 2026 greetings for all this the
27:00extraordinary phrase presented by the executive vice president of Venezuela in this ordinary session in
27:07which she has been announcing that the seven seven point six percent of the budget is going to be
27:14allocated for the people of Venezuela she also mentioned the positive achievements of the economy of
27:22the national economy in spite of the actions of the US in this context the people of Venezuela precisely
27:32hasn't stopped working and also Venezuela hasn't has been moving forward has been increasing its forces in power
27:40and also its budget and is going it has been allocating it for the benefit of the people
27:48let's listen the struggle of the people of Venezuela has signified along with the lead the leadership of
27:56president Nicolás Maduro Moros the struggle against the gemini of the imperialism and all of those who
28:08do not find themselves being Venezuelans to surrender to the calls of imperialism it is a recount it is not a
28:24it is also the expression vibrant expression of the strength of the people of Venezuela if we can take out any
28:36positive achievement from the most brutal harassment and aggressions to which Venezuelan people have been
28:44subjected to in the past 50 years if we could mention and see one positive aspect would be that today we are more
28:53stronger we are stronger we are stronger than ever wiser than ever and stuff women and men and now we are more
29:01free and independent and in second place to see how we are stubborn in our willingness to build up our future
29:17because analyzing the words of Vice President Delce Rodriguez you can see how she thinks about the future of the whole
29:27homeland of homeland with a recovery economy but also with a true real economy with an oil industry absolutely independent
29:37and sovereign but also recovered recovered from the external aggressions and the internal traitors
29:45a homeland that is upon true democracy which is the democracy of the future that is already present
29:51democracy of the 6000 communes of the consultations of the flourishing projects inside the communities of Venezuela
30:01I would like to offer the floor and to also choose to when we move on to the discussion of the project of the annual debt for the
30:15the 2026 financial year and we should change that name for compromise bill as we also changed the social expenses
30:29there is also going to be statements we need to change the name of this law and to change it for a name that is more
30:41I would like to change the name of the people of Venezuela from the design and this bill has been designed by the people of Venezuela
30:51so I call you to make a deep discussion of the proposal that has been shared for us from the President Nicolás Maduro
31:05Maduro thank you Delcy Rodriguez and also we thank President Nicolás Maduro Moros that put at the disposition of the National Assembly
31:15of the Executive Vice President of Venezuela and also ministers and higher officials in charge of the finances and the budget
31:23and the economy of the country to come here to prepare this presentation today and we thank as well the presence here and I want to inform you
31:33that in consequence for the National Assembly to offer this discussion our special guests need to leave
31:43deputies can remain here
31:45well we can see at this hour we are seeing live images of this ordinary session of the National Assembly with key information for the people of Venezuela
31:57at this hour we can see that the deputies are were set to approve a special deal on the annual debt for the 2026 financial year
32:11and in this context we were listening to the statements of the executive vice president who is also the sectorial vice president of the economy
32:21in a statement in which he assured that the Venezuelan economy remains stable despite the U.S. actions, the U.S. aggressions and threats
32:31the high official also reaffirmed that Venezuela keeps defending its truth in the face of lies of all of the lies spread by the U.S. to justify an invasion in the country that has no other purpose but seizing Venezuela's natural resources such as its oil reserves
32:49Venezuela in this context keeps moving forward. This is all for the moment stay tuned with Telesur English for more information on this key event for Venezuelans.
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