Government to allocate $437.05 mn for hydrocarbon subsidies

The government allocated Bs.3.013 billion ($437.05 million) in the General Budget of the Nation for the hydrocarbons subsidy, 31% less than in 2020 when the subsidy reached Bs.4.369 billion ($633.67 million). It also allocated Bs.257 million ($37.27 million) for the food subsidy, 63% higher than budgeted in 2020.