Venezuela : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

November 4, 1998

Electronic Access:

Free Full text (PDF file size is 4135 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper reviews economic developments in Venezuela during 1995–97. The overall public sector balance shifted from a deficit of 7 percent of GDP in 1995 to a surplus of 7¼ percent of GDP in 1996. This massive swing was owing to a major increase in the underlying oil surplus, a decline in the non-oil underlying deficit, and the fact that virtually no financial assistance was provided to the banking system, compared with the cumulative 16½ percent of GDP provided in 1994–95 in the context of the banking crisis.

Series:

Country Report No. 98/117

Subject:

English

Publication Date:

November 4, 1998

ISBN/ISSN:

9781451840087/1934-7685

Stock No:

1VENEA0011998

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

102

Please address any questions about this title to publications@imf.org