So what did Venezuelan President Maduro say yesterday after Venezuela suffered a heavy blow at the OPEC meeting? Basically, we will not cut anything significant in the budget. Social and military investment – whatever that is – will not suffer. Not a single bolívar will be cut from the budget (hint: why would they? they can just keep on printing the bills for it). If they’re going to cut anything, it will be their own salaries.
Oh … and our Finance Minister Rodolfo Marco Torres is going to China for a “work meeting.”
So, the plan is to print money, borrow money, and lie.
We’re in safe hands, folks.