In Cuban its Necessary Adjustments Economic
- Submitted by: admin
- culture an traditions
- Business and Economy
- Politics and Government
- 07 / 09 / 2008
Reporting about growth indicators in different economic sectors in comparison to last year, the minister said that Agriculture grew 7.5 percent; Industry, 6.2 percent; Tourism, between 14 and 15 percent; and strong growth was recorded in construction and energy investment. Rodriguez said that salary averages increased by 4.6 percent while productivity only rose by 3.5 percent.
During the meeting, the committee approved the final report of the 2007 budget, which showed a fiscal deficit of 3.2 percent of the GDP. The committee also received an explanation on the implementation of this year’s budget through May from the first vice minister of Finance and Prices, Alejandro Gil.
Antonio Carricarte, first vice minister of Foreign Commerce, spoke to the legislators on the import replacement program through May. He explained that of the 718 products involved, 660 have contracts signed. Meanwhile, he reported progress in the implementation of financing mechanisms by way of the centralized account and commercial credits, as well as projects via foreign investment.
(Cuban News Agency)