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    Ups and downs of the economy at the end of the first semester

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    Altibajos de la economía al cierre del primer semestre

    The recovery of the economic indicators in Ciego de Ávila is going to be slower than the unsatisfied demands of the citizens. After a start to the year too similar to the end of 2021, the end of the first semester has; however, lights and shadows.

    This is illustrated by a report presented by Susivey Márquez Toledo, coordinator of Objectives and Programs for the Economy, before the monthly meeting of provincial directors and territorial authorities headed by the member of the Central Committee of the Party and first secretary here, Liván Izquierdo Alonso, and the governor Tomas Alexis Martin Venegas.

    Thus, the Retail Mercantile Circulation (CMM) remains three percentage points below what was planned for the stage, seeing with the same 33 physical indicators of production and services as at the end of March, but decreasing in the total (before 78, now 71).

    We have explained in other notes that the CMM is the "fuel" of the territories, since it expresses the sales of merchandise made to the population for their personal consumption. If half of the local subordinate entities that pay taxes to it failed to comply with their plans by more than five percentage points, it goes without saying that commerce and services continue to be depressed.

    Investments are also in the doldrums: none of the agencies achieves 55 percent of the execution of their plans for the year, which leaves the province with a poor 34.8 percent overall. Exports, meanwhile, show another face. Although it does not reach what was expected, they remain at an "acceptable" 87.6 (equivalent to 10 million dollars), which contradicts the predictions at the end of the first quarter (when the amount raised was five times less).

    The suspense section continues to be that of the performance of companies in the same economic-financial scenario. While a group of 32 entities not only manages to generate profits (and therefore honor their assignments), but also take them up to 150 percent (13) and even triple them (two) —not that this behavior is plausible either—, another 20 remain Provincial net income of a whopping 337.2 million pesos. These losses represent 72 percent of the amount of profits and mean an increase of three new entities to the list that no one would like to be on, but from which it is taking a long time to get out.

    During the analysis of these indicators, Antonio Sánchez Sibello, head of Staff Preparation and Improvement at the Máximo Gómez Báez University in Ciego de Ávila and government advisor for economic issues, warned about distortions found within the business system, related to excess of expenses due to loss, the millionaire figures for missing files and the items of expenses in activities that cannot be verified. Alexis Marrero Hernández, president of the ANEC, warned about the excess of cash in the boxes of the entities.

    At the close of the meeting, Susivey Márquez shared some of the new measures adopted by the country's highest leadership and called for their rapid implementation, together with the rest of the instructions designed for the business, agricultural and sugarcane sectors.