The government of Cuba declares itself in a war-time economy'

Cuban authorities are implementing a new package of measures to address the current economic crisis, described as a war-time economy by the government. This includes budget cuts, an equal pricing policy, regulations, and readjustments to correct distortions and revitalize the economy.

Measures introduced by the Cuban government include reducing Budget items to decrease the fiscal deficit, centralizing decision-making on the national budget, and establishing an equal pricing policy applicable to both state and non-state sectors.

The government aims to control prices by capping the sales prices of essential products like chicken, oil, sausage, powdered milk, pasta, and detergent. These measures are part of efforts to navigate the economic challenges amidst high inflation and currency depreciation.

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