Created: 15 July 2014
Written by RATB
Speech by Army General Raúl Castro Ruz, first secretary of the Communist Party of Cuba’s Central Committee, President of the Councils of State and Ministers, on July 5, 2014, Year 56 of the Revolution, during the National Assembly of People’s Power 8th Legislature’s third period of ordinary sessions, in Havana’s Convention Center
Compañeras and compañeros:
Over the last few weeks, we have held important meetings, among them the June 21 Council of Ministers and the 8th Plenum of the Party Central Committee, last Thursday. Information about both events, especially the Council of Ministers, has been broadly reported in the media.
Likewise, since Wednesday, deputies have discussed in depth, in their respective commissions, the principal issues affecting the nation’s work. My remarks will therefore be brief.
As has been reported, during the first half of the year, the Cuban economy continued to grow modestly; the Gross Domestic Product (GNP) increased by 0.6%, indicating a deceleration in the growth rate as a result of shortfalls in external income; the negative effects of weather conditions; as well as the persistence of internal economic management deficiencies.
Despite growth in the areas of transportation, communications, agriculture, the sugar industry and tourism, decreases were registered in mining and industrial production, the latter as a result of difficulties with financing and the consequent late delivery of imported raw materials.
Likewise, the negative effects of the world economic crisis continue, while the U.S. blockade has been tightened, especially with respect to the persecution of financial entities which maintain ties with our country, a topic I will address again later.
In these undeniably difficult circumstances, we have met in a timely fashion our financial obligations resulting from the restructuring of debts with our principal creditors, a fact which favors the continuing recuperation of our economy’s international credibility.
At the same time, internal monetary equilibrium has been maintained, both within the population’s sector and in the economy as a whole. The tendency toward recovering financial discipline, in terms of accounts payable and receivable, has been consolidated, as well.
To achieve a growth of 1.4% in the GNP by the end of the year, more and better work is required during the second semester, and the utilization of untapped sources of efficiency must be strengthened.
We are not satisfied with the results achieved, but neither are we discouraged, in the least. Faced with these difficult circumstances, our spirit of struggle, determination and optimism must prevail, to reverse the situation and regain the rate of growth needed to assure socialist development, based on sustainable and irreversible foundations.
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