Article 308: The State shall protect and promote small and medium-sized manufacturers, cooperatives, savings funds, family-owned businesses, small businesses and any other form of community association for purposes of work, savings and consumption, under an arrangement of collective ownership, to strength the country's economic development, based on the initiative of the people. Training, technical assistance and appropriate financing shall be guaranteed.
Article 309: Typical Venezuelan crafts and folk industries shall
enjoy the special protection of the State, in order to preserve their
authenticity, and they shall receive credit facilities to promote production and marketing.
Article 310: Tourism is an economic activity in the national interest, and represents a high priority in the country's strategy of diversification and sustainable development. As part of the foundation of the
socioeconomic regime contemplated by this Constitution, the State
shall promulgate measures to guarantee the development of tourism.
The State shall see to the creation and strengthening of a national
tourist industry.
Chapter II
Tax and Monetary System
Section One: Budget System
Article 311: Fiscal Policy shall be governed and implemented on
principles of efficiency, solvency, transparency, responsibility and fiscal balance. Fiscal Policy is to be balanced over a multiyear budget
framework, in such manner that ordinary revenues shall be sufficient
to cover ordinary expenses.
The National Executive shall submit for enactment by the National Assembly a multiyear framework for budgeting that establishes the maximum limits of expenditures and indebtedness to be contemplated in national budgets. The characteristics of this framework, the
