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Message: Government has paid more than $6,000 million in estatizaciones

Government has paid more than $6,000 million in estatizaciones

posted on Jul 07, 2009 07:06AM

Government has paid more than $6,000 million in estatizaciones

State list has fattened 22.4% from first announcement of nationalization

Until the month of May more than 2.2 million people they toiled in the public sector, according to the NSI (Venancio Palaces/File)

A total of 6,636 million dollars has paid the Government in the estatizaciones that have been developed during last the three years, according to a report of Consulting company/signature ODH.

The highest portion is concentrate in 2009, when the operations by the acquisitions of Sidor and the Bank of Venezuela were closed, the companies more expensive than it has bought the Executive since the nationalizations began.

The report of the consulting company/signature indicates that in 2007, when the purchases began, the Government was spent 2,305 million dollars in companies like Seneca, the Electricity of Caracas and Cantv, whereas the following year a total of 1,310 million dollars by the acquisition of the refrigerating chain Cealco, Milky The $andes was cancelled, as well as by the cementeras Holcim and Lafarge.

“The oil bonanza in the last years allowed the Executive to deepen the policy of nationalizations and expropriations, as well as to pay amounts of relatively high compensation”, emphasizes the report of Consulting ODH.

The report indicates that the announcements have agreed with the time of the fat cows. The barrel of crude Venezuelan in 2008, year in which the announcements were concentrated, divided equally 86.73 dollars, but for this year the price fell up to 46.73 dollars by barrel in average.

“Against this background, the diminution of the prices of petroleum in 2009 can lead to payments by smaller amounts, as well as majors times of delay so that the same take place”, emphasize the last report of the consultant.

It is even slope that culminates two processes of arbitration decides which will be the payment

Fat list the takings of the companies that before were in private hands also bring other consequences. From the first announcement of estatización in February of year 2007, with the acquisition of Cantv, the list of the State has been increased 22.4%, after the incorporation of a total of 411,321 workers.

The data of the National Institute of Estadística (INE) indicate that in May of this year - last data available in the public sector toiled 2.244.413 workers against 1.833.092 people who evolved as civil servants to the closing of the month of February of 2007.

This it happens of lists of the deprived sector to the public increased the weight of the Government like sector employer. Of such way, the information of the NSI indicates that the State occupies 18.9% of the workers who exist in the country, when in the beginning of the nationalizations the percentage was placed in 16,9% of the occupied population.

The weight that represents the purchases of the companies, not only by the operation, but also by the widening of the size of the State, hits east year a diminution of the oil prices.

The last year, in the heat of definition of a more austere national budget, own president Hugo Chavez criticized the unstoppable growth of the list of the public sector and immediately mechanisms activated to transform the labor structure of the State, although it does not stop to reduce it.

The plan, del that still does not know concrete results, included the rotation of the personnel of the public administration towards the companies of social property or other establishments. In the meantime, the state list continues growing.

stejero@eluniversal.com

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