One of the most conclusive verdicts on the leadership of Hugo Chavez in Venezuela came out of a physician who became famous for ensuring that he had inner knowing that cancer will eventually kill the president of Venezuela.
It was widely covered by the media of opponents, communication eager to fill the void left by the lack of official information on the health status of Chavez statements.
Beyond truth diagnosis doctor Jose Rafael Marquina, a Venezuelan who resides in Florida, USA, also transcended his criticism of the style of government of the now deceased leader. In an interview with the local newspaper Tal Cual in December 2012, he said: "Chavez dealt with his illness in the same way it did with the country in an improvised way."
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Find out exactly how the money was used is not easy. The government has become increasingly involved in all sectors of the economy, to the detriment of the private sector.
In September 2012, the news agency Reuters published a special report on the state company Fonden, which now has a third of investments in Venezuela.
He discovered a number of built brownfields or medium, including paper mills, aluminum mills and a fleet of buses unused, all apparently funded by Fonden.
Fonden has absorbed approximately $ 100,000 million of Venezuela's oil revenues since its founding in 2005.
In late January, the government cut by 19% the contribution of PDVSA to Fonden, a move serves as a harbinger of cuts in public spending. But until the post-Chavez political landscape is not clarified, the successor to President can hardly alienate the people with austerity programs.

Public expenditure

During the last presidential campaign that brought him to victory in October last year, Chavez made it a priority housing and minimum wage, launching a plan to rebuild three million homes by …show more content…
Capital Economics, a research firm, estimates that Venezuela's fiscal deficit increased by 9% of GDP in 2012, while Morgan Stanley estimated that at this time should have reached 12%.
According to the World Bank, the Venezuelan economy has grown more than 5% in 2012. However, predicts a slowdown in 2013, with growth of just 1.8%, while many analysts predict that the country will fall into recession this year.
The last superdevaluación of the Venezuelan currency, in February this year, helps the government's financial position. Because oil prices are in dollars, a weaker bolivar increases the local value of oil revenues, giving the government more effective.
In theory, it should also help Venezuela boost its exports of other sectors of the economy. But observers believe that the manufacturing sector is too small to benefit from this. Another consequence of the concentration of oil in Venezuela and the exclusion of other areas.
In the words of Michael Henderson, of Capital Economics, "the current unrest is the result of years of capital flight and lack of investment, which has emptied the country's productive