The Cuban Council of Ministers met in Havana under the leadership of Miguel Díaz-Canel Bermúdez, First Secretary of the Central Committee of the Communist Party of Cuba (PCC) and President of the Republic. And Manuel Marrero Cruz, Prime Minister, to analyze the state of the economy at the end of August 2025 and the execution of the State Budget.
According to the website of the Presidency of the Republic, during the meeting, Díaz-Canel affirmed that the country’s problems must be solved with work, creativity, and discipline. Also called for strengthening the export of goods and services. Particularly tourism and information technology.
The Head of State emphasized the need to increase agricultural and industrial production. With an emphasis on livestock, meat, and eggs, and specified that the sugar sector must be conceived comprehensively, with derivatives and an energy focus.
Regarding the national electricity system, he noted that distributed generation capacity has been recovered and the number of photovoltaic parks has increased. Reducing the deficit during daytime hours. Although stable improvements among the population have not yet been seen.
Moreover the president also emphasized that external revenue is essential for purchasing supplies, fuel, and food. Urged exporters to reverse the non-compliance recorded during the period.
Joaquín Alonso Vázquez, Minister of Economy and Planning, reported that the business system must consolidate self-financing schemes in foreign currency. Expand foreign investment, and accelerate the introduction of renewable energy.
Manuel Marrero presented the updated version of the Government Program to correct distortions and boost the economy. Approved by the Political Bureau on September 22nd, which will be discussed nationwide.
Vladimir Regueiro Ale, Minister of Finance and Prices, reported that the execution of the State Budget showed favorable results. With a reduction in the fiscal deficit and a current account surplus, although planned expenditures persist.
The Council of Ministers approved the eleventh Portfolio of Foreign Investment Opportunities. Comprised of 426 projects across all territories, with an emphasis on oil, tourism, the sugar agroindustry, food, biopharmaceuticals, general industry, and mining.
During the session, information was released about irregularities in foreign trade operations. Which resulted in expenses due to container delays, and emphasis was placed on strengthening control mechanisms to minimize impacts.
The meeting included the approval of decrees related to agricultural and forestry trade, customs, diplomatic exemptions, and the national celebration of Older Persons’ Day.
During the event, the Ministry of Higher Education and the government of Mayabeque gave their account of their work. As part of the systematic exercise of oversight and accountability to the highest government body.
With information from CNA
- Council of Ministers Evaluates Economy, Budget, and Investments - 8 de October de 2025
- The Iberoarte Handicraft Fair will return to Holguin - 8 de October de 2025
- Production assured at Holguin beverage company - 8 de October de 2025