The Cuban Authorities proclaims a package deal of financial measures that can make life on the island dearer

The Prime Minister, Manuel Marrero, assures that gas, some electrical energy charges or transportation will enhance. The chief acknowledges “difficulties” with costs and that not sufficient has been performed for the event of the financial system

About to finish a strongly marked yr on account of lack of meals or medical provides, inflation, a wave of migration by no means seen earlier than, and a generalized disaster that has affected the each day lives of Cubans, the Authorities of Havana has introduced a package deal of financial measures for 2024 that can make life dearer for Cuban households. the island within the brief time period.

Throughout his speech on the second common session of the Nationwide Meeting of Individuals’s Energy, in its tenth Legislature, the prime minister, Manuel Marrero Cruz, expressed that they have been dissatisfied for “not having made the mandatory progress” this yr. After, as is customary, blaming the Cuban state of affairs on the financial embargothat the USA Authorities has maintained over the island for many years, the delays of the pandemic and the worldwide disaster, the chief acknowledged {that a} sustainable enhance in nationwide manufacturing has not been achieved and that the Authorities might have performed higher: “We might have performed extra issues. Personal insufficiencies and subjective issues persist that have an effect on the capability of financial packages and projections.”

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The Prime Minister of Cuba, Manuel Marrero, greets the country's president, Miguel Díaz-Canel, (from behind) in a file image from 2019.

“We’d like a extra strengthened Ministry of Economic system and Planning,” he stated. He additionally added that it was essential to strengthen the work of the Ministry of Finance and Costs, alluding to the “difficulties”, in reference to the excessive costs of merchandise on account of inflation and shortages within the nation, and “rectify insurance policies that haven’t helped us.” allowed to advance.” He additionally acknowledged that the nation is just not working to extend the diversification of products and companies, and that the participation of international funding within the improvement of the financial system is inadequate.

In flip, the prime minister introduced a collection of measures reminiscent of growing gas costs, electrical energy costs for sure properties or growing transportation charges. “They won’t have an important rapid impact nor will they resolve all the issues, however we are going to transfer ahead with the conviction that it’s the appropriate path to enhance the present state of affairs,” stated Marrero.The Prime Minister of Cuba, Manuel Marrero, greets the president of the nation , Miguel Díaz-Canel, (from behind) in an archive picture from 2019.Y. LAGE (AFP)

Cubans feared the rise in gas costs since a number of days in the past President Miguel Díaz-Canel spoke of a attainable enhance in the price of gasoline. “In what nation on the earth can you purchase 9 liters of gasoline with one greenback?” stated Marrero, with out mentioning the low salaries in a rustic with an more and more weakened foreign money and the place the minimal wage of two,100 Cuban pesos ( CUP) is equal to about eight {dollars}. Likewise, the official clarified that the Authorities will enhance electrical energy charges by 25% for Cuban households thought-about excessive shoppers, which exceed the consumption of 500 kWh.

Because of the rise in gas costs, Marrero acknowledged that transportation charges will enhance. As well as, costs will likely be raised to the non-metered water charge, that of customers who would not have a meter to measure, to 21.24 CUP, as a result of, based on the official, the present charge of seven CUP (lower than a cent on the greenback) doesn’t stimulates financial savings. Subsequent yr, the value of cigarettes and tobacco, the value of liquefied fuel cylinders, in addition to these of inexperienced medication (medicinal vegetation) within the nation can even enhance.

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Concerning remittances, one of many important helps of the financial system and carried on the backs of Cuban exiles, he indicated that it was a precedence for the nation to get better these flows, in addition to enhance the earnings of international foreign money, get better tourism and increase manufacturing. of nickel, tobacco and rum. Marrero defined that, in an effort to encourage nationwide manufacturing, the cost of tariffs on imports of uncooked supplies and intermediate items will likely be lowered by 50%; and alternatively, tariff charges will likely be raised on the import of some Cuban merchandise reminiscent of cigarettes, rums and beers. He additionally harassed that digital commerce will likely be promoted with funds from overseas and that measures will likely be carried out in order that non-state firms could make their imports with funds from Cuba.

The tariff exemption for the importation of meals, hygiene and medicines, which was to run out on December 31 and which authorizes Cubans to import non-commercial gadgets, with out limits on their worth and exempt from the cost of customs duties, will likely be once more prolonged. Nonetheless, Marrero added that the Authorities will work to extend the provide in shops in MLC (Freely Convertible Forex) in order that Cubans can entry the community of nationwide shops. Within the former, you possibly can solely buy with bank cards backed by {dollars} or different foreign currency echange.

To employees within the Well being and Training sectors, Marrero introduced that cost for evening guards will likely be elevated, based mostly on years of service and quantity of labor. The prime minister additionally referred to the immigration disaster on account of which 400,000 Cubans have left the island within the final two years. He stated that in a lot of the aforementioned “are the causes that trigger the exodus of pros and younger individuals from the state sector to the non-state sector and the tendency to hunt life tasks overseas.” Based on him, the introduced measures have the aim exactly of “restoring the macroeconomic necessities that make it attainable to ensure a good surroundings for financial development, improvement and the method of socialist development.”

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2024-06-21 17:17:37

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