President Maduro Announces 15 Consecutive Quarters of Economic Growth in Venezuela, Highlights Resilience Amid Sanctions

President Maduro recalled that Venezuela had historically relied on oil income for over a century and noted that the sanctions were aimed at destabilizing this revenue source. Mar 6, 2025 Photo: VTV

March 6, 2025 Hour: 10:37 pm

The president also addressed the issue of taxes, announcing that Venezuela is entering a new phase of income tax collection as part of its economic model.

In a recent broadcast of Maduro Live De Repente, the President of Venezuela, Nicolás Maduro, enthusiastically announced that the country has experienced 15 consecutive quarters of economic growth, described as “steady, self-sustaining, and sovereign.”

During his speech, President Maduro highlighted the ability of the government and the Venezuelan people to adapt to adversity, stating that they have learned to “do a lot with nothing” and “do even more with little.”

The president thanked economic actors, business leaders, and workers for their efforts, emphasizing that, despite external sanctions and attacks, social investment has strengthened socialist programs that benefit the people.

He reiterated that the union of various social and political forces has allowed for the design of a “war economy plan” to stabilize the nation and recover national income, which was severely impacted by sanctions imposed since 2017.

President Maduro recalled that Venezuela had historically relied on oil income for over a century and noted that the sanctions were aimed at destabilizing this revenue source. However, he emphasized that the government has worked on a new diversified productive model aimed at generating material wealth and economic autonomy.

The president also addressed the issue of taxes, announcing that Venezuela is entering a new phase of income tax collection as part of its economic model.

He highlighted that 75% of the country’s income is allocated to social investment in areas such as health, education, housing, and public security, which he considers a significant achievement even in difficult times.

Finally, President Maduro concluded his speech by reaffirming his commitment to building a sovereign and self-sustaining economy, arguing that sanctions not only harm Venezuela but also negatively impact those who impose them.

His message was clear: the country will continue to advance its economic and social plans, striving to generate increasing wealth for the well-being of the Venezuelan people.