From our Bureau of Socialist Voodoo Economics with some assistance from our Bureau of Punishments for Selfish Ingrates in Socialist Latrine American Totalitarian Hellholes O the joys of socialist economies! Share and share alike, yes, let's all share and share and share (unless you are an oligarch, of course). Castrogonia has a law against "self-enrichment".
President Miguel Díaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1% and 2% this year, and inflation ran at about 30%.
Cuban government considers price increases amid financial struggles menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
On Friday, the Cuban government disclosed that it is confronted with a stark choice: either to implement price hikes for essential utilities like fuel and electricity or to curtail the rationing system that provides basic supplies to its citizens.
The Cuban government said Friday it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies. President Miguel Díaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1% and 2% this year, and inflation ran at about 30%. There were problems in the tourism industry — Cuba's main source of income — and in farm production.