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Cuba prioritizes resource allocation to key areas

Havana, Dec 18 (Prensa Latina) Economy and Planning Minister Joaquín Alonso affirmed that, despite its complex economic situation, Cuba prioritizes the allocation of funds to key areas such as food, fuel, and medicine.

Speaking at the Sixth Ordinary Session of the National Assembly of People’s Power (ANPP, parliament), the official assured that the goal for 2026 is to stabilize the economy, increase foreign exchange earnings, and boost national production.

The economic plan for next year aims to promote decentralization and strengthen social policies, defining a set of prioritized objectives of vital importance for economic and social recovery.

Firstly, Alonso said, the plan seeks macroeconomic stabilization through actions that contribute to the gradual reduction of existing imbalances, increase foreign exchange earnings, and incentivize national production, with an emphasis on food and import substitution, among other objectives.

The strategy includes the comprehensive transformation of the Socialist State Enterprise with the effective participation and integration of other economic actors, the consolidation of the decentralization of powers to the territories to foster greater territorial autonomy, the gradual restoration of the national power grid’s capacity, and the acceleration of renewable energy sources.

It also considers the contributions of science, technology, innovation, communication, and digital transformation to drive economic and social development.

Under this scenario, the nation projects total exports of goods and services exceeding the current year’s estimate by 1.122 billion. This growth is based on exports of goods totaling 2.530 billion and services totaling 100 million.

jdt/arc/evm

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