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🇻🇪 Venezuela /Economy & Trade

Venezuelan lawmaker proposes eliminating Patria System for direct bank payments

From El Nacional · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • A Venezuelan lawmaker proposed eliminating the Patria System for salary and pension payments.
  • David Uzcátegui suggested transferring all funds directly to citizens' personal bank accounts.
  • He argued the current system causes bureaucratic delays, operational failures, and economic distortions.

David Uzcátegui, a deputy in Venezuela's National Assembly, has called for the abolition of the Patria System. He proposed that all salaries, bonuses, and pensions be transferred directly to individuals' personal bank accounts within the national financial system.

Uzcátegui stated that the state platform's intermediation creates digital bureaucratic hurdles that daily affect workers, teachers, and pensioners. He highlighted that this system exposes citizens to constant operational failures and delays in accessing their funds. The lawmaker also denounced the economic distortions the mechanism generates for households and the real value of money.

It is a mechanism of indirect confiscation that degrades the quality of life and undermines the purchasing power of Venezuelans. The waiting time to withdraw funds exposes family income to devaluation and accelerated inflation, generating anguish and uncertainty in the population.

— David Uzcáteguidenouncing the economic distortions caused by the Patria System.

"It is a mechanism of indirect confiscation that degrades the quality of life and undermines the purchasing power of Venezuelans," Uzcátegui asserted. "The waiting time to withdraw funds exposes family income to devaluation and accelerated inflation, generating anguish and uncertainty in the population."

He questioned why assigned amounts must first enter a "virtual piggy bank" before being available for withdrawal through commercial banks. Uzcátegui urged citizens to join the demand for a transparent and expedited payment system free from parallel controls. He shared his proposal on social media, stating, "Eliminate the Patria system and transfer the payment of pensions and workers' salaries DIRECTLY into personal bank accounts. Enough of this 'toll booth' that only delays what rightfully belongs to our people."

Eliminate the Patria system and transfer the payment of pensions and workers' salaries DIRECTLY into personal bank accounts. Enough of this 'toll booth' that only delays what rightfully belongs to our people.

— David Uzcáteguion social media, calling for direct bank transfers.
DistantNews Editorial

Originally published by El Nacional in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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