Cuba to have an economic plan to boost its recovery in 2023

Cuba to have an economic plan to boost its recovery in 2023



HAVANA, Dec 14 (NNN-ACN) — Cuba will have a Plan of the Economy by 2023 aimed at the gradual recovery of the country, based on the reactivation of national productive capacities and the attraction of foreign currency to ensure the gradual and sustained increase in the supply of goods and services.

In his presentation to the National Assembly of People’s Power (Parliament) of the objectives and goals for the coming year, Alejandro Gil Fernandez, deputy prime minister and head of economy and planning, mentioned among them to advance in the macroeconomic stabilization of the nation and consolidate the reconstruction of the foreign currency allocation mechanism, through the diversification of the access mechanisms.

Other goals are to continue advancing in the recovery of the capacities of the national electro-energy system, in the reduction of inequalities, and in the integral transformation of the socialist state enterprise, as well as to consolidate the process of decentralization of competences to the territories, he said.

Gil Fernandez mentioned among the goals for 2023 to increase exports 1.037 billion above the estimate for 2022, and to reach some 3.5 million international visitors, more than double what was achieved in the current calendar.

He warned that the increase in the prices of products in the international market will have an impact on the cost of the standard family basket, which generates imported inflation.

For 2023, a growth of agricultural productions is planned, more than 30,000 new houses are projected, as well as important investments in the energy sector and in the tourism industry, in which 10 hotels are expected to be finished, with 3,147 rooms.

 There should be an improvement in the national drug program and resources for the development of science are being supported.

With these levels of activity, he said, we are designing a GDP growth of 3 % at constant prices, which would maintain the upward rhythm to reach the levels of before the COVID-19 pandemic.

According to Gil Fernandez, 2023 is going to be a better year, since a greater fuel insurance is foreseen, which covers the demand, a greater backup of electric energy, a growth in tourism, an increase in income from exports and an increase in the supply of goods and services to the population. — NNN-ACN

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