Cuban Deputies Analyze National Economic Performance

The members of the Economic Affairs Committee at the National Assembly of People”s Power of Cuba (Parliament) analyzed today the performance of the national economy in the first half of 2016.

Minister of Economy and Planning, Marino Murillo Jorge explained that the results of the sector in that period are marked by a complex context with the fall of oil and nickel prices as well as the income in general terms, which caused a lack of liquidity.

In this sense, the minister stated it is necessary to save the cash especially in the case of energy carriers, as the use of which, he said, is essential to be increasingly efficient.

Despite the situation, the government considers it is essential to avoid affecting the residential sector as well as the basic services to the population, said Murillo; who also emphasized the need to maintain internal monetary balance and not allow payments without productive backing in the business sector.

He explained, the government will continue enhancing the investment program in the strategic sectors of the country and the measures to increase the purchasing power of the Cuban peso (national currency), as well as the schemes designed to raise export capacity to generate income and substitute imports.

The Economic Affairs Committee is one of 10 standing committees of the National Assembly of Cuba.

These committees hold sessions simultaneously at Havana’s Conventions Center until July 6, as a prelude to the plenary session of the 7th regular session of the 8th Parliament legislature, to be held on Friday.

(Prensa Latina)

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