Monday, July 08, 2013

Cuba to Maintain Socialist Principles in its Economy

Havana, July 7 (Prensa Latina)

Updating the Cuban economic model lies in modernizing the economic management, so that in Cuba there is and there will be social ownership of the means of production, Marino Murillo, vice president of the Council of Ministers, said today. During his report to Parliament on the progress of the implementation of economic and social guidelines adopted at the Sixth Communist Party Congress, Murillo confirmed that this process is not a change of ownership, precisely because that is the limit to support any other form of management.

He stated that transformation can not be confused with modernization and with making socialist public ownership more efficient, although other forms of management such as joint ventures and self-employment are recognize.

Murillo added that it is a sustainable model in the economic, social and environmental issues linked to development, hence the updating process gives priority to the productive forces, and therefore he rejected misinterpretations of these concepts and objectives.

In his speech to parliament members, he reiterated that the socialist enterprise will have a major role in the updating process, but in a different way, which means more efficiency and new methods of resource utilization.

Referring to the development program, he said that the country needs a long-term system based on planning, free of accumulated structural problems, for which adequate and sustainable policies are needed.

Murillo, who is also head of the Permanent Commission for Implementation and Development, said they are working conceptualizing the economic model and designing the foundations for a long-term program.

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