14 December 2011

VENEZUELA : Chavez Bulks Up Social Spending...For Re-Election Run.

     President Hugo Chavez plans on spending some $3.7bn on new welfare programs...ahead of his October 2012 re-election run.
    He will increase pensions for over 200,000 retirees and begin paying needy children a $100-a-month.
    Experts predict even more spending increases are likely.
    Recent polling shows Chavez with about a 50% popularity.