Venezuela's government has vowed to deepen its fight against extreme poverty by focusing on five key areas of development.
Health, education, housing, food and economic development will continue to receive special attention, according to state news agency AVN.
“We are working harmoniously and are addressing all these factors,” President Nicolas Maduro stated on Thursday.
According to official figures, around 5.5 percent of Venezuelans live in extreme poverty, though the government aims to reduce that figure to zero.
“Before the end of the second decade of the century, Venezuela will achieve the goal of zero poverty,” Maduro said.
However, Maduro stated Venezuelans living in extreme poverty today have more services available to them now than they did 15 years ago, such as free healthcare and subsidized food.
“Our people no longer go hungry,” he stated, arguing conditions for Venezuela's poorest were considerably worse under right-wing governments that preceded Maduro and former president Hugo Chavez.
Around 20 percent of Venezuelans were living in extreme poverty when Chavez was elected in 1998.
Under Chavez, the Venezuelan government created a series of anti-poverty programmes called missions. Each mission targets a specific aspect of poverty, such as housing and education.
Government funding for social spending including the missions has skyrocketed over the last decade.