VENEZUELA BUDGET SEES 16.35 DLRS OIL PRICE
Venezuela's government tomorrow presents
a 1988 budget proposal for 183.432 billion bolivars, based upon
an oil price of 16.35 dlrs per barrel, finance minister Manuel
Azpurua said.
    Azpurua told reporters after a cabinet meeting the new
budget projects ordinary income of 149.925 billion bolivars and
extraordinary income of 34.186 billion. Oil revenues are
expected to produce 92.014 billion, or 61 pct of the total.
    The finance minister said the oil revenue projection is
based on an average price of 16.35 dlrs per barrel in 1988.
Venezuelan oil through the first half of 1987 has averaged 16.
20 dlrs per barrel, according to the state oil company
Petroleos de Venezuela, S.A.
 Reuter
