CARACAS -- Halfway through the year, government figures indicate that spending is a fraction of forecast levels.

Official figures show that only 3.9% of the money budgeted for infrastructure investment has been spent so far this year, and virtually none of the huge allocation for social spending has been expended.

While just $38 million of the $572 million infrastructure budget has been executed, the report claims that not a cent of the $1.75 billion budgeted for social spending budget has been spent so far. The revelations are likely to damage the government's standing among the country's poor.

If correct, the Central Budget Office (Ocepre) figures would be a ...

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