# Venezuela Prepares to Disclose Roughly $240 Billion in Debt Before a Record Restructuring

The interim government of Delcy Rodríguez will reveal liabilities far above market estimates as it seeks to bring the country back into the global financial system.

- Published: 2026-06-24T10:15:00.771Z
- Canonical: https://polylog.news/2026-06-24/venezuela-prepares-to-disclose-roughly-240-billion-in-debt-b
- Publisher: Polylog (Global desk)
- Section: macro
- Sources: [Euronews](https://www.euronews.com/business/2026/06/24/venezuela-plans-biggest-debt-restructuring-in-history-after-maduros-fall), [CNBC](https://www.cnbc.com/2026/05/14/venezuela-bonds-debt-restructure-maduro-trump-oil.html), [Devdiscourse (Financial Times)](https://www.devdiscourse.com/article/business/3939746-venezuelas-debt-may-hit-240-billion-ahead-of-restructuring-ft-says)

Venezuela's interim government is preparing to disclose total liabilities of about $240 billion, well above the $150 billion to $200 billion that investors had expected, as it begins one of the largest sovereign debt restructurings attempted. The disclosure was [reported by Euronews](https://www.euronews.com/business/2026/06/24/venezuela-plans-biggest-debt-restructuring-in-history-after-maduros-fall) and earlier [by the Financial Times](https://www.devdiscourse.com/article/business/3939746-venezuelas-debt-may-hit-240-billion-ahead-of-restructuring-ft-says).

The figure is large relative to the size of the economy. Caracas is expected to estimate its gross domestic product at about $100 billion, which would put its debt at more than 200 percent of output. The liabilities include both sovereign bonds and the obligations of the state oil company.

The restructuring follows a sharp political reordering. Nicolás Maduro was captured by US forces in early January, and under interim President Delcy Rodríguez relations with Washington have improved, with the Trump administration [lifting sanctions on her government in April](https://www.cnbc.com/2026/05/14/venezuela-bonds-debt-restructure-maduro-trump-oil.html). The government has described the process as a comprehensive and orderly effort to return the country to the attention of international investors.

## What this means

A sanctioned oil producer is being pulled back toward the dollar-denominated capital markets it was cut off from, which adds oil supply and a large new pool of distressed debt to the global system. The math is daunting, because a debt load above twice national output cannot be serviced without deep write-downs, new production, and credibility that a new administration has not yet earned.

## What to watch

- The recovery value bondholders are offered, since a very low figure would set the precedent for how other reopened economies are treated.
- Whether Venezuelan crude output recovers enough to fund any deal, because the restructuring math depends entirely on future oil revenue.