Cuba’s Minister of Economy and Planning, Joaquín Alonso. Assured that during the first two months of 2025 inflation is lower than that of the same period of the previous year, as it transpired.
Alonso revealed the data when presenting the behavior of the archipelago’s economy at the most recent meeting of the Council of Ministers. Headed by President Miguel Díaz-Canel, according to a notification from the Presidency of the Republic.
The curve of inflation rates continues to decrease compared to last year at this same time. But prices in February grew by two percent, he clarified.
Likewise, the official reported that exports of goods do not reach what was planned. Although “tobacco, lobster, rum and biopharmaceutical products comply.”
“The export of medical services meets the plan and grows; not so tourism and telecommunications,” he said.
He also pointed out that “the plan has been fulfilled in almost all áreas. Although not all of them are growing,” including eggs, which “maintain a level of decrease.” In addition, he stressed that “313,201 vulnerable people are protected in Cuba, and 63,756 mothers with three children or more are served.” Including “more than a thousand” settled, “in communities in processes of transformation.” Regarding the business system, he pointed out that “profits grow.
However, 316 companies are counted that close with losses. A number that means 69 less than in the same period last year”. The report stresses that the nation’s government agenda. Prioritizes strategies, programs and actions to overcome the current difficult economic situation.
“Due to the unprecedented intensification of the economic, commercial and financial blockade of the United States Government.” In the session of the Council of Ministers “corresponding to March”.
Other economic issues were discussed, including the execution of the Budget of the State and foreign trade. The Political Communication Strategy, certified by the Political Bureau of the Communist Party of Cuba. It was also debated, and the draft Customs Decree-Law was approved, “as well as its next presentation to the Council of State.”
With information from Prensa Latina
Translated by Aliani Rojas Fernández
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