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Venezuela: Recent Economic Developments

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 1998. "Venezuela: Recent Economic Developments," IMF Staff Country Reports 1998/117, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1998/117
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    Cited by:

    1. Holzmann, Robert & Pouget, Yann & Vodopivec, Milan & Weber, Michael, 2011. "Severance pay programs around the world : history, rationale, status, and reforms," Social Protection Discussion Papers and Notes 62726, The World Bank.
    2. Francisco Monaldi & Rosa Amelia González de Pacheco & Richard Obuchi & Michael Penfold, 2006. "Political Institutions, Policymaking Processes, and Policy Outcomes in Venezuela," Research Department Publications 3196, Inter-American Development Bank, Research Department.
    3. Francisco Monaldi & Rosa Amelia González de Pacheco & Richard Obuchi & Michael Penfold, 2006. "Instituciones políticas, procesos de diseño de políticas y resultados de las políticas en Venezuela," Research Department Publications 3197, Inter-American Development Bank, Research Department.

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