National Assembly received draft Budget and Special Indebtedness Act 2026

Published at: 14/10/2025 06:01 PM

This Tuesday, October 14, the National Assembly (AN) received the National Budget Bill, the Special Law on Annual Debt, and the Income and Operating Expenditure Budget of the Central Bank of Venezuela (BCV).

The projects to be implemented in the Financial Year 2026 were received by the first vice-president of the Parliament, deputy Pedro Infante, in the Hall of Shields of the Federal Legislative Palace, according to the publication of the AN on his website.

In his speech, Infante indicated that the Budget and Indebtedness Bill 2026 also included the Concrete Agenda for Action of the Homeland Plan 2025-2031, based on the Seven Great Transformations (Q7), as a result of popular participation.

He explained that the seven lines of work for national development address economic, social and political aspects that make it possible to leverage national development, and the new geopolitics, which will allow the development of international relations with sovereignty under a multipolar worldview, he said.

These legal instruments received before October 15 will be taken to the Permanent Commissions of Economy, Finance and National Development, and of the Comptroller's Office, to carry out the corresponding reviews and debates, he said.

Infante highlighted the institutional normality and the full functioning of the five branches of government, in contrast to those who seek to generate divisions, cataclysm and paralysis.

For his part, the Minister of Popular Power for Planning, Ricardo Menéndez, in delivering the legal instruments, maintained that the budget prioritizes the country's defense and sovereignty, economic development and growth, and social protection.

He stressed that the fusion of the Popular and Communal Government system represents a new paradigm in the construction of direct democracy.

“The formulation of the budget originated in grassroots democracy, in which each of the communities, communal institutes and communes planned their agenda of action, which allowed the link that has guided public policy engineering for national development within the framework of the 7T,” he said.

Menéndez stated that the budget is linked to the country's development plan and represents an authentic act of sovereignty in the Bolivarian Republic of Venezuela.

It dismissed any aggression that would keep the National Executive from the full and sovereign exercise of drafting a budget based on the protection of its people.

The event was attended by the Secretary of the AN, María Alejandra Hernández Aldana, and the presidents of the Permanent Committees on Economy, Finance and National Development, Jesús Fanía, and of the Comptroller's Office, Winston Vallenilla, among other parliamentarians.

Also in attendance were the Minister of the People's Power of Economy, Finance and Foreign Trade, Anabel Pereira Fernández; the Deputy Minister for Territorial Planning, Edgar Valero; the Deputy Minister for Social and Institutional Planning, Wilmara Lugo, and the head of the National Budget Office (ONAPRE), Jennifer Quintero de Barrios.

Mazo News Team