Cuba presents economic plan for 2025

The Minister of Economy and Planning, Joaquín Alonso, presented today the Cuban economic plan for 2025 in the commissions prior to the IV Ordinary Period of Sessions of the National Assembly (parliament) in its X Legislature.    

Body: The plan is based on the evaluations of scenarios on the global model and supported by the Government directives previously approved by the country’s leadership, Alonso explained before the Economic Commission of the parliament.

He added that during the consultations for its preparation it was noted that the demands presented by the participants exceed the capacities generated by the economy by not adjusting to the real conditions, with projections of deficits impossible to support with the projected sources.

Given this scenario, adjustment variants were evaluated in the main categories under the precept of managing the crisis, mitigating the effects of the economic war and moving forward.

In such a way that it constitutes a real instrument for driving the economy, recognizing that tensions will continue to impact its execution and the need to mobilize reserves that may exist to incorporate them.

He stressed that the results in the implementation of the Government Projections and the recent approved decisions accelerated the evaluation and approval of the transformations for the nation and the impact that these should have in 2025.

In this way, additional sources are constituted to advance in 2025 by establishing the priorities and the sequence of the actions to be undertaken in the prioritized objectives, of vital importance for the economic and social recovery of the country, he pointed out.

Among them, he listed the continuity in the implementation of the Macroeconomic Stabilization Program with actions that contribute to the gradual reduction of existing imbalances.

Increase the country’s external income and national production, ensure resources for Defense and Internal Order, gradually recover the national electrical energy system.

Address the priorities of social policies, health, education and with special attention to people, families, homes and communities in vulnerable situations, as well as incorporate the contributions of science, technology and innovation in the recovery of the economy.

Added to this are the international efforts in progress, as well as the possibility of accessing new sources of financing from foreign financial institutions, with projects in key areas.

At the same time, they will take on new challenges, mainly those from the new North American administration and the climatic variables that will impact the nation.