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The Cuban government announces new measures to "relaunch" the economy in 2025
The regime's adjustments continue. They are once again attempting to change electricity tariffs, control the prices of basic foodstuffs, use prepaid fuel cards, and attract foreign investors.
new package of economic measures on Wednesday to "correct distortions" and "relaunch" the economy in 2025.
Prime Minister Manuel Marrero Cruz informed about the measures during a meeting with the governors and the director of the special municipality of Isla de la Juventud.
Among the most important measures is the update of electricity tariffs in certain sectors. They assure that this is part of a strategy to "promote savings" amid the energy crisis Cubans are experiencing, with power outages lasting over 20 hours in many provinces.
In addition, centralized maximum prices are set for basic foodstuffs such as rice and locally produced beans.
Another relevant measure is the update of the construction pricing system , which will apply to all economic actors and types of businesses, both state-run and non-state-run (FGNE) management. The government assures that the goal is to strengthen production chains.
The regime will implement the use of prepaid cards for legal entities to purchase fuel . This measure follows the announcement that, due to the shortage of gasoline in the country, it will only be available in foreign currency.
The economic plan also includes the introduction of incentives to -attract
foreign investors In the area of labor, a reorganization of trade by the FGNE and a redistribution of unpaid salaries within budgeted units are expected. The government has stated that the goal is to promote labor force stability through the fulfillment of specific functions and tasks.
The official press reported that the new economic measures, which are already being implemented, will be presented "without too many details." Authorities will provide "more information in the coming days" as the implementation of each measure progresses.
Other topics discussed during the meeting included the maternal and infant care program, the functioning of municipal agro-industrial enterprises, and the quality of municipal services.
Frequently asked questions about the new economic measures in Cuba 2025
What are the main economic measures announced by the Cuban government for 2025?
The Cuban government has announced a package of measures to revitalize the economy in 2025 , including adjusting electricity tariffs, establishing maximum retail prices for basic foodstuffs, allowing legal entities to use prepaid cards to purchase fuel, and attracting foreign investors to the Mariel Special Economic Zone. These measures aim to correct economic distortions and strengthen productive linkages.
What are the effects of the partial dollarization of the Cuban economy?
The partial dollarization of the Cuban economy allows the use of the dollar in key sectors such as wholesale, retail, and tourism services. This measure aims to generate more foreign currency and reorganize the market, but could also deepen inequalities, as many Cubans lack access to dollars, excluding them from certain economic benefits.
How will the new economic measures affect the Cuban population?
The new economic measures could increase inequalities and the cost of living in Cuba . The adjustment of electricity tariffs, centralized retail prices, and the elimination of subsidies for basic necessities could increase the economic burden on families, especially those without access to foreign currency. The government promises to redirect the subsidies to those in need, but has not described exactly how this will be implemented.
What criticisms are there of the Cuban government's new economic program?
The Cuban government's new economic program has been criticized for being propaganda-based and lacking a detailed plan and concrete measures. Experts point to the persistence of structural problems and the lack of effective solutions for macroeconomic stabilization and improving the welfare of Cuban households. Official rhetoric is perceived as hollow and out of touch with the real needs of the economy and the population.
Source: cibercuba