The Venezuelan government's subsidized food program is going to expand significantly in the next year. Government officials plan on putting these markets in the new housing projects that the government is currently building.
Venezuela’s Food Minister Carlos Osorio highlighted last Sunday the role that the revolutionary government of President Hugo Chavez has played in ensuring food security to the nation by providing more than 10 million tons of important staples for the economically disadvantaged.
By Tamara Pearson - Venezuelanalysis.com, Sep 30th 2011
In local opposition and international mass media inflation is the buzzword, and because of it, Venezuela is clearly a mess, life is hopeless, and the government has got to go. Yet is inflation really the big evil it’s made out to be? How much does it impact on the lives of Venezuelans? How much worse is it, really, under Chavez, and what is the government trying to do about it and the food situation?
The Venezuelan government launched the program “My well equipped house” last night. In the first instalment, government stores, such as Mercal and Bicentenario, will distribute 116,000 household appliances.
To guarantee access to essential foods amidst price inflation and supply shortages in some items, the Venezuelan government recently nationalized a major flour producer, granted low-interest credits to small and medium-sized producers, opened new subsidized food markets, sanctioned price speculators and hoarders, and is in the process of reforming the Land Law.
In a nationally televised address Venezuelan President Hugo Chavez announced a massive expansion of the government’s subsidised food system, Mercal, on Thursday. He also argued that it is necessary to establish a socialist system of distribution and consumption of products, to replace the capitalist market.
Venezuelan government announced a plan this week to purchase 4.8 million
bolivars (U.S. $2.2 million) worth of basic foods to be sold over the next ten
months in its state-run subsidized food market chain, Mercal.
course of last week, the Venezuelan government's subsidized food system,
Mercal, along with the new PDVAL markets run by the state oil company PDVSA, distributed 3,300 tons of
basic foods through special operations involving community participation.
By James Suggett - Venezuelanalysis.com, Feb 7th 2008
Many analysts concur that the increase in government spending from
19% to 30% of the GDP during President Hugo Chávez's presidential term
made the consumption capacity of Venezuelans grow faster than the
supply of goods and services.