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  1. havanatimes.org › features › fiscal-deficit-and-usFiscal Deficit and US Dollar at 200 Cuban Pesos - Havana Times

    Jun 21, 2023 · Regarding 2020, Vidal said that the fiscal deficit amounted to 63 billion pesos, almost 20% of Cuba’s GDP, ten times what it was in 2019. The National Assembly had approved a deficit of 75.827 billion pesos for 2022 , which will be revised in Parliamentary sessions now in July 2023, when budget debts from the previous year are traditionally ...

  2. repositorio.cepal.org › 27 › ES2022_Cuba_enCUBA 1. General trends - Comisión Económica para América ...

    The fiscal deficit is forecast to be around 11% of GDP, less than in the previous year. It will be financed through the issuance of sovereign bonds on the domestic market with maturities of between 1 and 20 years, at an average interest rate of 2.5%. Public debt in 2022 is expected to peak at around CUP 122 billion, equivalent to approximately

  3. repositorio.cepal.org › server › apiCuba - repositorio.cepal.org

    Cuba will continue to run a large fiscal deficit in 2022, equivalent to about 10% of GDP (compared to 11.7% in 2021), and the external strangulation of the Cuban economy is expected to continue.

  4. www.cubaheadlines.com › articles › 286943Cuba Faces Largest Fiscal Deficit Since 2020 Economic Crisis

    Aug 15, 2024 · Cuba has reached its largest fiscal deficit in 2023 since the onset of the economic crisis in 2020, highlighting a significant deterioration in the state's financial situation, according to figures from the Ministry of Finance and Prices.

  5. www.nbcnews.com › news › latinoCuba announces tough economic measures as Cubans brace for ...

    Dec 22, 2023 · Price hikes for basic services and the elimination of subsidized staples are some of the measures that will take effect next year to rein in inflation and a deficit.

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  7. havanatimes.org › features › why-prices-in-cuba-haveWhy Prices in Cuba Have Risen Ten-Fold - Havana Times

    Aug 14, 2023 · Rampant fiscal deficit. Cubans are hearing the term “fiscal deficit” (when State revenues aren’t enough to cover basic needs in social programs), often. According to official statistics, the deficit is estimated to stand at 68.1 billion pesos by 2023.

  8. cri.fiu.edu › _assets › docsCUBA’S ECONOMY IN TIMES OF CRISIS: 2020–2022 AND PROSPECTS ...

    equate growth has been set at 25%, but has not been reached since 1989. Investment at const. nt prices declined -1% in 2019 and -5.9% in 2020 (Cuba Standard, 2022). The fiscal deficit in 2021 was 17.7% of GDP, the highest since t.

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