To this end, Prime Minister Manuel Marrero informed the deputies of the progress of the Macroeconomic Stabilization Program.

On this subject, he stated that the consumer price index closed in November with an annual change of 14.5 percent, a result that, although it slows down, is still considered high.

He also stated that the money in circulation grew by 135 million compared to last year, which shows an excess of money in the economy.

Marrero ratified the approval of the new mechanism for control and allocation of foreign exchange, published on December 11 in the Official Gazette.

“Partial dollarization is a temporary but necessary measure to boost economic activity, promote linkages and increase foreign currency revenues,” he said.

Similarly reported the approval of 45 closed schemes, of which 31 are operating and consolidation of fiscal control actions.

The results of this last activity produced 9.833 774 billion pesos debt (4.159 billion pesos higher than reported in July); the collection of 53.4 percent of the tax debt and the temporary or permanent closure of more than 23 000 establishments.

“We are creating the favorable conditions for moving to a higher stage in the implementation of the country’s Macroeconomic Stabilization Program,” he concluded.

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