Havana/Prensa Latina
Through the debates of the classes of the Nationwide Meeting of Folks’s Energy (parliament), the Cuban authorities introduced a set of actions and measures that can mark the nation’s financial path from the start of the week.
Prime Minister Manuel Marrero reiterated that the Cuban nation is going through a “conflict financial system” situation, which exacerbates the socioeconomic scenario ensuing from a tightened blockade by the US.
The worldwide disaster attributable to the pandemic, with its subsequent financial affect, and the worsening of world conflicts that have an effect on the world financial system and commerce are a part of the scenario affecting the nation, he mentioned.
Nonetheless, he expressed dissatisfaction at not making the required progress in decreasing the affect of exterior phenomena, which, though they have an effect, additionally go away subjective issues and shortcomings that have an effect on the capability to guide financial restoration plans, packages and projections, points that might be decisively addressed throughout 2024, he mentioned.
Addressing the federal government’s projections to appropriate distortions and enhance the financial system in 2024, Marrero first talked about the necessity to restore macroeconomic balances, get well tourism, management of the change market and entry to overseas forex.
Added to those points are the necessity to renegotiate money owed and improve overseas funding, encourage nationwide manufacturing, get well the sugar business, obtain a meals stability on the municipal stage, and offset imports with exports.
Different pressing parts to be resolved, he mentioned, are the discount of the finances deficit, subsidizing folks and never merchandise, updating gasoline costs, not subsidizing the waste of electrical energy and water, and likewise, a pricing coverage that permits actions to be sustained.
Though there’s a program to de-dollarize the financial system, the pinnacle of the federal government pressured, to succeed in that purpose, it’s essential to undertake partial measures that enable accumulating or growing the degrees of overseas forex, similar to remittances and revenue from overseas.
In such a case, actions might be taken to profit the nation’s financial and social growth, he added.
He additionally referred to “speculative and abusive” costs, the necessity to keep away from tax evasion, create new jobs and scale back informality in work, in addition to the transformation of the socialist state enterprise.
Concerning non-state financial actors, he pressured the necessity for cooperatives to develop extra, as a type of administration nearer to the socialist idea, the place “everybody participates within the outcomes, everybody advantages, not simply the proprietor,” he mentioned.
The modifications for 2024 embrace updating unauthorized actions, modifying tax exemptions, strategic administration of territorial growth, and advancing banking.
An austere and extra rational authorities, and higher choice and coaching of cadres, might be a part of the brand new modifications, Marrero mentioned.
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