Prime Minister Manuel Marrero informed the deputies of the progress of the Macroeconomic Stabilization Program.

On this topic, he stated that the consumer price index closed in November with a year-on-year variation of 14.5 percent, a result that, although slowing, is still considered high.

B He also affirmed that the money supply has increased by 135 million compared to last year, demonstrating an excess of money in the economy. V Marrero reaffirmed the approval of the new mechanism for controlling and allocating foreign currency, published on December 11 in the Official Gazette. “Partial dollarization is a temporary but necessary measure to stimulate economic activity, foster supply chains, and increase foreign currency earnings,” he stated.

He also reported the approval of 45 closed schemes, of which 31 are currently operational, and the consolidation of fiscal control measures. This latter activity resulted in identified debts of 9,833,774,000 pesos (4,159,000,000 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 right conditions to move to a higher stage in the implementation of the country’s Macroeconomic Stabilization Program,” he concluded.

jdt/arc/bbb