Gil Fernandez updates the economic situation in the country

Among the goals are making progress in stabilizing the country’s macroeconomics, consolidating the restructuring of the economy’s foreign exchange allocation mechanism, continuing progress in restoring the capabilities of the national electrical system and accelerating the introduction of renewable energy sources. general.

At the same time, it aims to advance the reduction of inequality, promote the process of decentralizing powers to regions and advance the overall transformation of the socialist state project.

He emphasized that at the end of last April, exports of commodities, that is, goods, entered the country to 728 million dollars, which is equivalent to 103% of the commitment to the plan for the period. He noted that the economy plan is not linear because of the adaptation of the products that are exported and at the time when these exports are made. “This is 27.5% of the plan for the year.”

He stressed that tourism is still the main way to stimulate the recovery of the economy. At the end of April, 984,116 tourists visited the country, which is 28% more than the year’s plan of 3.5 million visitors. In relation to the same period in the previous year, it is 119% and compared to 2019, the pre-pandemic year, 51.1%.

The Minister of Economy noted that on May 3, the first million visitors arrived in the country. “The tourist visitor plan for 2023 is challenging and does not depend only on us, but we are on this path because it is necessary to keep pace with and strengthen the gradual recovery of the economy.”

On the market’s recovery, he said, Canada and Russia are the main markets.

In terms of goods and services operations in the country, at the end of April it was reported that we accounted for 24% of the plan for the year and had $23.6 million less than expected.

In the case of foreign trade operations carried out by non-governmental forms of administration, he said that $4,788,500 was collected from exports and $270,294,100 from imports, 61.6% of which were by small and medium enterprises, which were in the first four months of the year. It imported $166.6 billion.

We have been estimating in recent years an increase, month after month, in the level of imports of non-state administration models, given the pace in the past two months, exceeding 80 million. At this rate, we will exceed the number of more than 100 million during the year.”

He added that there is a trend towards importing final goods, not inputs and raw materials.