Cuba Intensifies Economic Measures Amid Fiscal Crisis - 07/03/2024

In response to a soaring fiscal deficit and rampant inflation, the Cuban government announced plans late Sunday to strengthen price controls and intensify efforts against tax evasion. These measures aim to stabilize the economy, which officials describe as operating under “war-time” conditions. The announcement followed a Council of Ministers meeting, as reported by state-run media, indicating a strategic alignment of the 2024 budget and economic objectives with the current crisis management strategy