Bloomberg News

Giordani Says Fonden Received $81.1 Billion Since Creation

October 20, 2011

Oct. 20 (Bloomberg) -- Venezuela’s Finance Minister Jorge Giordani said the government’s off-budget fund known as Fonden has received $81.1 billion dollars since it was created.

About $47.3 billion have already been spent while a further $31.9 have been assigned to projects, Giordani said today in Caracas during the presentation of the country’s 2012 budget.

To contact the editor responsible for this story: Charlie Devereux at

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