Caracas - President of Venezuela, Nicolas Maduro, said that 70 percent of the budget of 2017 will go to social programs of the Bolivarian Revolution, in order to guarantee the fundamental rights of the people.

This has been done since the arrival to the presidency of Commander Hugo Chavez and we will continue working, said the head of state from the Miraflores Palace, where he spoke last night to the council of vice presidents of the Republic.

Through an appearance broadcasted by Venezolana de Television, the president reiterated that the support for projects that benefit the population will continue, 'despite the situation of economic war started by the opposition against our homeland'.

Most resources will be used to develop missions, great missions, education, housing, health and the care for the elderly, he explained.

September has been a month characterized by peace, political stability and progressive economic recovery, thanks to the effectiveness of the Great Mission Sovereign Supply, he said.

In addition, he mentioned the expansion in October of the social forces due to the strengthening of the communities and the incoming meetings of the Congress of the Fatherland.

On the other hand, welcomed yesterday the agreement reached among the members of the Organization of the Petroleum Exporting Countries (OPEC), to freeze production of oil between 32. 5 and 33 million barrels a day, which in his opinion will allow a stable price oil price.

We achieved an extraordinary agreement and there is optimism that the major non-OPEC producing countries 'will join this initiative to stabilize the oil market, he concluded.