Cuba: Sancti Spiritus Economy at a Steady Pace

Sancti Spiritus economy maintains a steady pace, with discrete indicators of recovery in most of the lines and production processes. The main indicators that measure economic efficiency have showed favorable signs.

Sancti Spiritus economy maintains a steady pace, with discrete indicators of recovery in most of the lines and production processes: at the end of the first months of the year some 420 million pesos of mercantile production were reached, a figure which slightly surpassed the expected for this stage and also with little increase over the same period of 2011.

The top political leadership and government of the territory recognized these results, but emphasized the need to consolidate the gains, based on demand, discipline and control.

According to reports in a recent analysis of the issue by the top leadership of the Cuban Communist Party in the central territory and the protagonists in this sphere, the physical production also beat earnings expectations and the utilities round the 60 million pesos, although some entities did not meet their goals.

The main indicators that measure economic efficiency showed favorable signs: labor productivity, average wage, the correlation between both, the local implementation of the budget with success in the surplus planned, among others.

The progress of this issue in the territory in recent times has been marked by all the correction and adjustment of the national economic model, including work reorganization, the implementation of new management, and the development of self-employment, to mention only some of the more significant changes.

The top political leadership and government of the territory recognized these results, but emphasized the need to consolidate the gains, based on demand, discipline and control.

Sancti Spiritus economy is based primarily on agricultural productions performed by state enterprises and the cooperative sector and farmers. Among the industries that contribute most are livestock, various crops, tobacco and honey.

Several of Sancti Spiritus products substitute imports and are included in the national catalog of exported products: for instance, in the last year the territory provided some 7 million pesos savings and sent to international markets assortments worth more than 80 million.