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Cuba’s parliament approves budget for 2022

Cuba’s parliament approves budget for 2022

Havana, Dec 21 (Prensa Latina) Deputies to Cuba's National Assembly of People's Power (ANPP, in Spanish, parliament) on Tuesday approved the State Budget Law for 2022, meeting for the eighth ordinary period of the ninth legislature.
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With the presence of Army General Raul Castro and the nation’s president, Miguel Diaz-Canel, the parliamentarians endorsed a plan that supports economic programs and basic services to the population with 73 percent of the resources.

Essential sectors such as education and health will receive 112 billion pesos, while almost 10 billion will be allocated to science, technology and innovation, the latter recognized as the cornerstones of Cuba’s economic development.

Millions will also cover housing solutions for mothers with three or more children under 17 years of age, subsidies for people with construction needs in their homes and the transformation of neighborhoods and communities.

Deputy Felix Martinez, president of the Economic Affairs Commission of the Parliament, read the opinion of the draft budget law, which points out challenges such as the search for greater economic efficiency in the business system, taking advantage of the potential reserves in the economy and the fight against tax evasion, among others.

For her part, the Minister of Labor and Social Security, Marta Elena Feito, pointed out that even though obstacles have been eliminated, greater production, efficiency and development of the productive forces are necessary in order to have an impact on better income and results.

The eighth ANPP ordinary session began on December 18 with the resumption of the legislative exercise, the analysis of the State budget and other economic issues, as well as the control of institutions and officials.

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