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Salaries in Cuba will rise in these priority sectors

Salaries in Cuba will rise in these priority sectors

Finally, given inflation and the current economic situation in Cuba, the island’s government confirmed on December 20, in the plenary session of the National Assembly, that salaries would increase in some priority sectors, such as health and education. All this while at the same time announcing an increase in the cost of other services.

according to Media The Cuban government announced that it will increase social spending in 2024 Payroll improvements For workers in education and public health. This was stated by Deputy Minister of Finance and Prices, Maritza Cruz, during a parliamentary session at the Palace of Congresses in Havana.

Cruz said that this is a cash incentive that reaches a broad labor sector in the country, linked to activities and services that are considered “achievements of the revolution.” Although the amounts of the increases were not disclosed, the official noted that they would mean a budgetary outlay of about P25 million.

Increase salaries in education and health in Cuba

The Deputy Minister warned of the necessity of meeting the expected income to support this public spending, as the country’s finances are suffering from economic tensions.

He also explained that there is a large budget deficit, due to the unfavorable relationship between net income and total expenditures on the island. He added that in the year ended, an estimated P27.7 billion was not received, although he highlighted the good performance of collection of taxes on dividends, social security and other taxes and rights.

A doctor in Cuba earns on average between five thousand and seven thousand Cuban pesos. While a teacher costs between 3,800 and 4,500 pesos per month. The national currency, which is completely devalued at the moment, has prompted hundreds of professionals from these sectors to migrate to private companies with better wages.

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