Gil Fernandez provides information on the countrys economic situation

Gil Fernández provides information on the country’s economic situation

The goals include promoting the country’s macroeconomic stabilization, consolidating the restructuring of the economy’s foreign exchange allocation mechanism, making further progress in restoring the capacity of the national electricity system and accelerating the introduction of renewable energy sources throughout the year.

At the same time, the reduction of inequalities is to be advanced, the process of decentralizing powers to the territories is to be consolidated and the comprehensive restructuring of the socialist state enterprise is to be promoted.

He stressed that the country’s exports of goods reached $728 million at the end of April, showing 103 percent compliance with the plan for the period. He recalled that the economic plan is not linear due to the adaptability of the exported products and the timing of those exports. “That’s 27.5% of the annual plan.”

Tourism, he stressed, remains the main way to boost economic recovery. At the end of April, 984,116 tourists had visited the country, which is 28% compared to the annual plan, which envisages an arrival of 3.5 million visitors. In relation to the same period last year, it is 119% and compared to 2019, the year before the pandemic, it is 51.1%.

The economy minister said that on May 3, the first million visitors arrived in the country. “The tourist visitor plan for 2023 is demanding and not only depends on us, but we are on this path because it is important to accompany and drive the gradual recovery of the economy.”

Regarding the recovery of the markets, he said that Canada and Russia are the most important.

Regarding the goods and services trades in the country, it was reported at the end of April that we were 24% on target for the year and $23.6 million below forecast.

In foreign trade operations conducted by non-governmental entities, he said $4,788,500 in exports and $270,294,100 in imports were generated, 61.6% of which by MSMEs in which they operate in the first four months of the year goods imported $166.6 billion.

“We have noticed over the last few years that imports from non-governmental forms of administration have increased month by month. Because of the pace that has taken place over the past two months, they surpassed the 80 million mark.” At this pace, we will surpass the 100 million+ mark during the year.”

He added that there is a trend towards importing finished products rather than inputs and raw materials.