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Tuesday, November 26, 2019


Measures that enhances the economic future of Cuba

Photo: PLPhoto: PLHavana, July 3. - With the wage increase, Cuba begins to break the inertia towards a relationship between work and income in a sector that provides services highly demanded by the public, as budgeted.

This was stated by the Cuban president, Miguel Diaz-Canel, when he intervened on the television program Mesa Redonda, which addressed the issue from the Palace of the Revolution.

According to Díaz-Canel, this measure is just the beginning of other decisions that will come, such as the wage reform, the adoption of a more coherent pricing policy and the monetary and exchange unification.

The head of state commented that the increase in salaries and the boost to the economy in progress occurs in the context of an escalation of aggressiveness of the United States Government towards the island.

According to the Minister of Economy and Planning, Alejandro Gil, the wage increase is one of the measures announced by the Cuban Government to raise the population's standard of living and move towards economic development.

In addition to the increase, Gil cited other measures aimed at boosting national production, diversifying and increasing exports, replacing imports, fostering productive linkages, strengthening state enterprise and advancing food sovereignty. For its part, the Minister of Labor and Social Security of Cuba, Margarita González, described as significant the salary increase to the budgeted sector, although she said that it is not a definitive solution.

According to González, the measure has among its objectives to recognize health workers, education, research, press, culture, the artistic sector, judges, prosecutors, local governments, and agencies of the central government of the State, among other branches.

The owner explained that in the coming weeks a salary scale will be implemented with a minimum of 400 pesos and a maximum of three thousand pesos, which will positively impact more than two million 700 thousand Cubans, including workers and retirees in the budgeted sector.

The principle of redistribution of wealth, which characterizes Cuban socialism, is the main source of the wage increase decided for millions of Cubans, said Finance and Price Minister Meisi Bolaños.

He stressed that the resources to finance this decision will come from the budget approved for this year, under the principle of redistribution.

Also, go to a greater production with better yields and in this way expand the offer of services that will generate more resources to the state budget, added the Cuban minister. (PL)

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