The Cuban economy, immersed today in the updating process will continue making progresses, that was informed in the meeting of the Council of Ministers, led yesterday by Cuban President Raul Castro.
During the launch of the Economy Plan, Council of Minister vice president Adel Yzquierdo stated that the country expects in 2014 an increase in the Gross Domestic Product (GDP) of the nation to constant prices of 2.2 percent, Granma newspaper reported today.
Such growth indicator presents to boost internal efficiency reserves of the economy and direct resources towards those activities of great impact; allocate credits above to all the working capital to productive activities that generate exports; and finance investments.
The also minister of economy and planning stated that the plan proposal for 2014 is characterized by a larger objectivity in the goals related to the investment process, including those productive investments and infrastructures in which its executive is integrally guaranteed.
Precisely, about the process to create the plan, President Raul Castro stated that the country has worked well, with deep analysis, to find solutions to many problems using the efficiency reserves the country's economy still has and "that is the line we should always follow," the minister said.
According to Yzquierdo, the country estimates for 2013 a GDP rise to constant prices of 2.7 percent, lower than 3.6 percent expected, due in essence to the breach of revenues in hard currency, as well as in the infrastructure industry, constructions, although compared with 2012, most of activities register increases.
According to the minister, the country expects next year increases in strategic branches of the economy, such as sugar industry (17.5 percent), agricultural sector (seven percent), hotel and restaurant activities (8.8 percent), and trade (9.3 percent).