Venezuela's Privatization Push | Venezuela News

Venezuela News Today | 2 Min News | The Daily News Now! · Aug 30, 2026 · 1m

Venezuela’s business rep Luigi Pisella is leading a bold push to privatize non-strategic state assets, arguing it will spark jobs, wealth, and tax revenue—while quietly reopening the door for foreign investors. As the government tweaks laws, offers tax breaks, and encourages property rentals to lure private investment, Pisella also claims U.S. military costs are being deducted from frozen oil revenues—and suggests some funds could go straight to private importers. With the government swiftly silencing criticism, Venezuela’s economic future hangs in the balance between reform and resistance…