Havana, Aug 21 (Prensa Latina) Cuba’s Minister of Finance and Prices Meisi Bolaños denounced the tightening of the US economic, commercial and financial blockade, particularly its extraterritorial component, in the midst of the Covid-19 pandemic.
In a virtual meeting convened by the Economic Commission for Latin America and the Caribbean (ECLAC), led by its Executive Secretary Alicia Barcena, the Cuban minister argued that the US hostility deliberately deprives Cuba’s people of health supplies and equipment for managing Covid-19. Bolaños explained at the forum, held on Thursday with the participation of finance ministers from the region, that to defuse the negative economic and social Covid-19 impacts, the country adopted a group of economic, financial, tax, price, labor and salary measures.
Those measures, she pointed out, are aimed to support the protection of the health of all citizens, backing economic actors, maintaining employment and labor guarantees.
By doing so, we include the payment of wages’ guarantees to those workers who during this period had to stop working, while supporting the costs of other alternatives such as telework and at distance, she explained.
At another point in her speech, Bolaños detailed about the significant reduction in budgetary revenue that was planned for this stage and the growing demands in the public healthcare and social assistance sectors.
In this regard, she said that in this scenario of the fight against the pandemic in Cuba, a readjustment of the planned fiscal deficit was approved through the State Budget Bill with a rise.