Here you see how the national government has been planning its budget in the last few years. I couldn't find the complete data for 2011, but the other four years will do for now.
In blue you see the amount of Bolivars the government planned for the national budget for each year and in red the amount of extra money it finally spent. I did a project for Q4 of 2014 based simply on the average so far.
In 2010 31% of the expenditures were over the budget. That amount has risen to 41% now. Maduro recently said Venezuela won't suffer from the relatively (my adverb) low oil prices because the budget had been calculated based on an oil barrel price of $60. The thing is: we are going to end up spending as much as if we had calculated the oil price at around $101...and the average oil price now, $102, is going to drop further for sure.
I am no economist and there are many factors I ignore. The government might try to devalue again this year, although it could be mad enough and try to postpone that until early 2015 just for the sake of not losing face. When it does devalue, it will have more extra Bolívars...but inflation will eat them up as soon as they appear.
In any case, even harsher times await Venezuelans for 2015. This, on the other hand, might be what is needed for some to have their Damascus moment.
America Economía 2014
|El Universal 2013
El Tiempo 2012
América Economía 2010