Venezuela Elections: 5 Facts You Need To Know

Venezuela Elections: 5 Facts You Need To Know
Venezuela Rufino / Flickr CC BY-SA 2.0

Venezuela’s opposition party won the most number of seats in the National Assembly. This comes after nearly two decades of Socialist dominance under President Nicolas Maduro.


“Venezuela, we won!” said Governor of the state of Miranda, Henrique Capriles, who is also a key opposition figure. “I always told you all, this was the way! Humility, maturity and serenity. Long live the people of Venezuela!”

President Nicolas Maduro, while accepting his defeat, said that he will not bow out of the mission of the late Hugo Chavez to form a socialist state. Saying that he will respect the results, he blamed the loss on “the economic war” within and outside the country. “I feel at peace with my conscience because everything we have done has been for the protection of the country,” Maduro said.

Here are 5 facts about the Venezuela elections:

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1.The Democratic Unity Roundtable (MUD) won the election, triumphing by securing 99 seats in contrast to the United Social Party of Venezuela that managed 46. Another 22 seats are yet to be determined.

2.The opposition victory will see a major shift in power in the legislative branch for the first time since Chavez took office in 1999, CNN reports.

3.The voting comes in the wake of an economic inflation, a drastic recession and an escalation in violence and insecurity in the nation. According to a Pew Research Center poll, as many as 85 percent of people were not satisfied with how the country was advancing. The voter participation stood at 74.3 percent, which suggested that a majority of the population sought change.

4.The opposition alliance, comprising of centrist and conservative parties, is confident of securing 112 seats, which the senior figures in the alliance say will allow them to order the release of political prisoners, according to BBC.

5.The new National Assembly will take power in early January. Its term will last five years.