The difficult equation of the economic management of a company has other variables and aggravating factors in Cuba, which we have had to decode with great astonishement in front of the television.
The difficult equation of the economic management of a company has other variables and aggravating factors in Cuba, which we have had to decode with great astonishement in front of the television, when it has been explained that it is more profitable to import than buy powdered milk from a peasant in the middle of a crop boundary strip or an exporting entity receives less money for goods sold at the border because this profit is used to lower the price of imports for those who produce only for the domestic market.
In the economic field, it means to understand the accumulated aftermath of a dual currency that has led to an overvaluation of the Cuban peso against the dollar (1x1), price distortions, weakening of the domestic market, obstacles to the development of the productive forces and lack of incentive to work.
And if that is not enough, any prediction worsened with the arrival of COVID-19, the world crisis and the deepening of the economic, commercial and financial blockade of the United States, which have forced to correct the course of the Cuban economy and put in the spotlight the country's currency and exchange regulation process as a conclusion, just like it is stated in the Guidelines in force until 2021.
Although it has been said that this will not solve the economic and financial problems, without a doubt, it will be the starting point to unblock links and get closer to the model of country that is needed and dreamed of, with a socialist state company that has to adapt and evolve itself while remaining as the main subject of the economy.
The fact is that practice has shown that, although the news of overcompliance and efficient production cycles are not false, they almost never tell the whole truth, and more than once Invasor has echoed companies that conceive their plans with stocks, debt repayment and collection that are carried forward, and failures in accounting and internal control that, in the end, threaten the development of the sector and, worse, affect the State budget because most of the time, subsidizing losses and assuming the damage caused by Economic crimes almost always involve spending millions.
For example, we agree that there is a difference between the Ceballos Agro-industrial Company, which has completed the productive cycle that goes from the crops to industry and exports, and the entities of the Business Group of Commerce, Gastronomy and Services, with instability in the personnel, lack of financial discipline, and numerous economic crimes and acts of corruption, according to inventory controls carried out in each National Verification of Internal Control in the territory since 2015.
In this sense, the turning point should have been in 2019, when the retail commercial circulation stopped apporting some $118 million in the province, with a direct impact on the conformation of the budgets of several municipalities. For this reason, the challenge of reorganization will not be equally faced by each company, because they all have not arrived here under the same conditions and with the same practices.
Therefore, Marino Murillo Jorge, head of the Commission for the Implementation and Development of the Guidelines, explained that it is expected to allocate financial resources to support them during this period, while they will make an effort to face the devaluation and will repay the aid with more efficiency and competitiveness.
The socialist state enterprise will not be renounced to coexist with the micro, small and medium enterprises designed for the non-state sector. The idea is that they work in harmony and under similar conditions as the rest of the companies (joint ventures, cooperatives and self-employment).
We do not know how we will be when we reach this point or what the balances of the reordering will be, but the prospects are betting on positive numbers and satisfied needs.