How does Venezuela run their government?

Venezuela is a federal presidential republic. The chief executive is the President of Venezuela who is both head of state and head of government. Executive power is exercised by the President. Legislative power is vested in the National Assembly.

Which government action directly contributed to hyperinflation in Venezuela?

According to experts, Venezuela’s economy began to experience hyperinflation during the first year of Nicolás Maduro’s presidency. Potential causes of the hyperinflation include heavy money-printing and deficit spending.

Who ruled Venezuela?

Nicolás Maduro has been the president of Venezuela since 14 April 2013, when he won the second presidential election after Chávez’s death, with 50.61\% of the votes against the opposition’s candidate Henrique Capriles Radonski, who had 49.12\% of the votes.

What did Chávez do for Venezuela?

Chávez’s political platform promised to rid the country of corruption, help the poor, and reduce the power of elites. He pledged to write a new constitution and remake Venezuelan democracy.

What are the problems with the Chavez administration?

The third is the continuation of government corruption, including allegations of nepotism against the Chavez family, accusations they have long denied. Finally, there is the issue of mismanagement of state resources as a result of the politicisation of the bureaucracy, the judiciary and state-owned enterprises.

What happened to Venezuela’s PSUV?

Yet, although the president’s United Socialist Party of Venezuela (Partido Socialista Unido de Venezuela; PSUV) won more than half the seats in the National Assembly, it failed to maintain a two-thirds majority.

Did the US plan the counter-revolution in Venezuela?

A counter-revolution was soon under way and President Chavez was ousted from the presidential palace in April 2002. The US did not plan the counter-revolution, but it almost certainly knew what was happening and did not warn the Venezuelan authorities.