After Maduro extended emergency powers on Friday to shore up the country's crippled economy, a new emergency decree was signed to recover the country's productive capacity. The Vice President of the Economy of Venezuela expressed his concern over the country's finances over the next year.

This will be a year where we will have to consider the factor of inflation. That will be a factor, but the important thing is that we start to go up-hill, to reach the summit, so we can put a limit to the issue of inflation. This has been a very complicated year. The issue of prices and the kind of exchange rate available have been two elements we have been dismantling, and that is helping the flow of necessary supplies required in a functioning economy," said Miguel Perez Abad, Venezuelan vice president of the economy.