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The Cuban government announces new measures to "revive" the economy in 2025
The regime's adjustments continue. Plans are underway to change electricity tariffs, control the prices of basic foodstuffs, introduce prepaid fuel cards, and attract foreign investors.
The Cuban government announced a new package of economic measures to "correct distortions" and "revitalize" 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, the update of electricity tariffs in certain sectors stands out. They assure that this is part of a strategy to "promote savings" amidst the energy crisis Cubans are experiencing, with power outages exceeding 20 hours in many provinces.
In addition, centralized maximum prices are set for basic foodstuffs such as rice and domestically produced beans.
Another relevant measure is the update of the pricing system for construction , which will apply to all economic actors and types of businesses, both public and private 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 comes after the announcement that, due to a 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 back In the labor sector, a restructuring of trade by the FGNE (National Development and Economic Association) and a redistribution of unpaid wages within the budgeted units are expected. The government has stated that the goal is to promote workforce stability by ensuring the fulfillment of specific functions and tasks.
The official press reported that the new economic measures, which are already being implemented, were presented "without too many details." The authorities will provide "more information in the coming days" as the implementation of each measure progresses.
Other topics discussed during the meeting included the program for the care of mothers and young children, the functioning of municipal agro-industry companies, and the quality of municipal services.
Frequently asked questions about the new economic measures in Cuba 2025
What are the most important economic measures announced by the Cuban government for 2025?
The Cuban government has announced a package of measures to revive the economy in 2025 , including adjustments to electricity tariffs, the setting of maximum retail prices for basic foodstuffs, the use of prepaid cards by legal entities for fuel purchases, and the attraction of foreign investors to the Mariel Special Economic Zone. These measures aim to correct economic distortions and strengthen productive links.
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. While this measure aims to generate more foreign currency and reorganize the market, it could also exacerbate inequalities, as many Cubans lack access to dollars, thus excluding them from certain economic benefits.
How will the new economic measures affect the Cuban population?
The new economic measures could increase inequality and the cost of living in Cuba . Adjustments to electricity tariffs, centralized retail pricing, and the elimination of basic needs subsidies could increase the financial burden on families, especially those without access to foreign currency. The government promises to redirect the subsidies to those in need but has not specified 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 propagandistic and lacking a detailed plan and concrete measures. Experts point to the persistence of structural problems and the absence of effective solutions for macroeconomic stabilization and improving the prosperity of Cuban households. The official rhetoric is perceived as hollow and detached from the real pressing needs of the economy and the population.
Source: cibercuba