Q. Venezuela is planning on oil to finance 63 percent of its budget for 2023, a figure slightly higher than this year’s, Reuters reported Dec. 5. The stronger reliance on oil comes as the U.S. government reviews its sanctions on the South American country’s state-owned oil company, PDVSA, first imposed in 2019. The easing of sanctions would allow exports to the United States, boosting oil sales. Revenues from PDVSA are expected to bring in $9.34 billion to the government’s budget, up from this year’s $8.2 billion contribution.…
