A constitutional referendum was held in Venezuela on 2 December 2007 to amend 69 articles of the 1999 Constitution. Reform was needed, according to Venezuelan President Hugo Chávez, to initiate the transformation into a socialist country; detractors said he was using the reforms to become a dictator.
The referendum was narrowly defeated, giving Chávez the first election loss of his nine-year presidency. University student protests and opposition from former allies helped fuel the defeat, but the referendum results and the 44% abstention rate suggest that support also waned among Chávez's traditional base of Venezuela's poor. Chávez conceded defeat by saying "for now, we couldn't" ("por ahora no pudimos"), echoing the phrase he used after the failure of the February 1992 Venezuelan coup d'état attempt.
On 15 August 2007, Venezuelan President Hugo Chávez proposed an amendment to 33 articles of Venezuela's 350-article Constitution. A constitutional provision allows the president, the National Assembly of Venezuela or a constituent assembly to ask for changes; reform should be approved by a national referendum. The 1999 constitution was promoted by Chávez and adopted by popular referendum. The proposed constitutional reforms were needed, according to Chávez, to complete the transition to a socialist republic and implement his socialist agenda; detractors said he was using the reforms to become a dictator. The proposal was hailed by government supporters as "the start of a new era towards socialism", but Podemos, a pro-government party, expressed disagreement and claimed Chávez was seeking lifelong power.