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REFORMS ARE BEING SLOW AND SUPERFICIAL. ECONOMIC CRISIS IN CUBA IS DEEPENING.

Editorial 52. July Aug.
Convivencia Magazine.
 
REFORMS ARE BEING SLOW AND SUPERFICIAL. ECONOMIC CRISIS IN CUBA IS DEEPENING.
 
This new economic crisis is described by the main authorities in the country. The Minister of Economy and Planning in Cuba, Mr. Marino Murillo has said at the National Assembly on the 8th of July:
 
“Since December we have been facing financial limitations and restrictions mainly due to the income fall, to exportations and limitations in fuel. This has led us to a tense situation to face economy in the second semester so a number of quick measures have to be taken” (Granma, July 9th 2016, page 6).
 
And the Minister goes on:
 
“What are we lacking? Currency because of the income failure; fuel because we haven’t received all the fuel we expected to enter the country… facing those two limitations we propose these three measures: to reduce cash expenses, to stop the implementation of credits and the adjustment in the use of fuel” (idem).

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