Declining Oil Prices And Budget Revenues
In Venezuela the Planning Minister, Mr. Teodoro Petkoff, said that it ispossible that his country's 1999 budget could be based on an oil price of as low as$12.50/B or $0.50/B less than the average price for 1998. The 1999 budget is expected tobe ready by the end of next month before being presented to Congress for approval.
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