Indicated that the Venezuelan financial system is full of public values and consequently enhance its load means increase the risk country and on the other reduce the margin you have to give credit to production and investment. You should consider that Venezuela economic structure shows a country where about 60% of GDP is related directly or indirectly with oil, where the public sector contributes 30% of GDP and where 94% of this country’s exports correspond this product. For Jose Manuel Puente, the President Hugo Chavez management will use the resources you have in various funds, between 25 or 30 thousand million dollars, to cushion the fall in revenues during the first half of next year. If petroleum no bounces, it indicates Bridge, take measures such as new taxes or exchange rate adjustment provides thereon, which according to the IMF the Venezuelan economy would present a growth in 2009 of only 2%, the third part of the registered in 2008. What the experts say about the future of the price of crude oil and its influence on Venezuela? According to Goldman Sachs (GS) projection of medium-term price is US$ 65 barrel.
The United States International Energy Agency projected a price of oil average $112 for 2009, from US$ 74 for 2010 and US$ 59 for 2020. According to Alphaville Market (Financial Times), Venezuela would need a price of oil above US$ 90 to sustain its economy for the Economist and Professor at the IESA, Pedro Palma, the decline in the oil price leading to a scenario where inflation, which accumulates a leap of 36% in the last twelve months will tend to be about 40% in 2009. The amount of dollars at 2.15 bolivars will diminish significantly, in this time is settled 200 million dollars a day and that is not going to keep, said Pedro Palma who participated in a forum organized by the IESA to explore trends in the coming year.