Venezuela Looks To Finance 63 Percent Of Its 2023 Budget With Oil ...Middle East

Venezuela is planning on oil to finance 63 percent of its budget for 2023, a figure slightly higher than this year’s, Reuters reported Monday, citing a document it had seen.The stronger reliance on oil comes as the U.S. gov­ernment’s revises its sanctions, first imposed in 2019, on the South American country’s state-owned oil company, PDVSA. The easing of sanctions would allow exports to the United States, boosting oil sales. President Nicolás Maduro’s government expects the national bud­get to amount to $14.7…

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