EPM says 2023 will be a better year for the Cuban economy | Bot To News


During the 10th session of the 9th Legislature of the National Assembly of People’s Power (ANPP), Gil told deputies that Cuba is forecasting a 3% GDP growth in 2023.

He said some of the favorable factors are the control of the Covid-19 pandemic, the results of the international tour of President Miguel Diaz-Canel and the business deals reached at the Havana International Fair.

Gil also mentioned the increased back-up power generation that will enable the reactivation of industries that have been shut down to ensure power supply to the population.

In his speech, Gil stated that there is a need to work hard to achieve these projects as the country aims to achieve exports of goods and services at least above 9.7 billion dollars.

He insisted on the importance of generating export revenue, which is the only real source that will enable them to support key aspects, including the purchase of a standard basket of staple foods, for which around $1.6 billion is badly needed.

Gil said the essential goals for 2023 are progress in macroeconomic stabilization of the country and the gradual re-establishment of hard currency financing schemes.

Focusing on inequality and the needy, a sector that has grown in recent years, is another priority issue, as is consolidating territorial autonomy and reviving the socialist state enterprise.

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