Cuban ministers discuss economy

Led by President Raúl Castro Ruz, Cuba’s Council of Ministers met yesterday, June 27, and discussed a report presented by Minister of Economy and Planning, Marino Murillo Jorge, on the country’s economic performance during the first half of 2016. The report was approved for its presentation to the upcoming session of the National Assembly of People’s Power.

Murillo explained that despite existing limitations, efforts to increase productivity and replace imports with domestic products continue, while members of the Council of Ministers emphasized the need to eliminate unnecessary expenses, and take advantage of untapped opportunities for more savings and greater efficiency.

Lina Pedraza Rodríguez, minister of Finances and Prices presented the 2015 budget close-out report, which will also be submitted to the National Assembly for approval.

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