What's happening

Cubans in the streets push back the police of the dictatorship

The protests of Cubans inflamed by the blackout that...

Cuba in the street: What the Castro dictatorship doesn’t want the world to see

The thousands of false promises, together with the slow...

Cuban Economist Attributes Cuba’s Energy Crisis to a Political Decision

Cuban economist Pedro Monreal affirmed this Friday that Cuba’s energy crisis responds to a political decision, which prioritizes available resources for real estate development for tourism to the detriment of basic services.

According to the specialist, the decision to invest in one or another sector is a decision of those who run the country, where frequent blackouts have become unsustainable for families.

“The lack of resources influences investment, but a sustained change in the relative weight of sectors indicates a political decision: prioritize available resources in favor of real estate activity (which includes tourism) to the detriment of basic services (electricity, gas and water)” , posted on his official Twitter profile.

The lack of resources influences investment, but a sustained change in the relative weight of sectors indicates a political decision: prioritize available resources in favor of real estate activity (which includes tourism) to the detriment of basic services (electricity, gas and water)

In a graph that analyzes the investment priorities of the island between 2014 and 2022 based on data from the ONEI (National Office of Statistics and Information), the expert shows that basic services (supply of water, gas and electricity) decreased from 13% in 2014 to 6.6% in 2022.

However, investments in the business service (real estate and rental activities) soared from 21.8% in 2014 to 35.2% in 2022, with a peak in 2020 of 45.6%.

The energy crisis on the island, evidenced by the continuous blackouts of up to 12 hours, have put pressure on the Cuban regime in recent weeks, which has had to bear the discontent of a large part of the country’s population.

Dictator Miguel Díaz-Canel recognized on Thursday the state of discomfort in the Cuban population due to the prolonged blackouts of recent days throughout the country, and assured that he is seeking to stabilize energy capacity during the summer despite serious technical challenges and financing for the national electricity system.

However, the regime has limited itself to blaming the US embargo for the energy crisis, and has failed to acknowledge underinvestment in that sector.

Monreal has warned that receiving 2.5 million international visitors in 2022 “there would be” more than half of the hotel rooms in Cuba (69 tourists rotating per room in 2018 vs. 32 in 2022), it would be prudent to take a “pause” in hotel investment to attend to “other priorities”.

At the moment there are 77,809 hotel rooms on the island, a figure that represents a growth of 13% in relation to those existing in 2020, which would seem sufficient given the projections of tourism, he pointed out.

“The 8,930 additional rooms would represent an investment of $1,473 million dollars, calculated at the lowest cost of the Business Portfolio (165 thousand USD / room),” she pointed out.

He says that the cost of building one of these rooms can buy 10 tractors. Monreal assured that the agricultural activity and the sugar industry were the two biggest “losers” in terms of investment priority in Cuba last year.

Both activities suffered falls of 50.8% and 80% with respect to the relative weight they had in total investment in 2020.

Latest

Cubans in the streets push back the police of the dictatorship

The protests of Cubans inflamed by the blackout that...

Cuba in the street: What the Castro dictatorship doesn’t want the world to see

The thousands of false promises, together with the slow...

Don't miss

The Cuban regime must be expelled from the UN Human Rights Council

Political alignments are valid as long as they do...

Only the end of the Cuban dictatorship will end the opprobrium of political prisoners

The political prisoners of the Cuban regime are a fundamental part of its survival mechanism, they are the mechanism with which they produce fear in the population to achieve submission behaviors that would not otherwise be possible and they are the capital of international negotiation...

Communism: the religion of idiots

When speaking of socialism, two criteria are opposed. The...

The sale of foreign currency is yet another distraction of the dictatorship to buy time

“They are not going to sell dollars. They are...

The Cuban obsession with Venezuelan oil

The obsession of Fidel Castro and the entire Cuban...
José Martí
José Martí
Nacionalista cubano, poeta, filósofo, ensayista, periodista, traductor, profesor y editor.

The Cuban dictatorship repressed for the fourth consecutive day peaceful protesters who ask for freedom

The collapse of the communist system in Cuba and the inability of the Castro dictatorship to provide any solution, provoked the fourth night of...

Cubans in the streets push back the police of the dictatorship

The protests of Cubans inflamed by the blackout that has kept the island in the dark since Wednesday have made the police forces of...

The Cuban dictatorship increased censorship on the island and cut off the internet again to silence the protests

The chaos left in Cuba by Hurricane Ian and the collapse of the Cuban communist system, added to problems in the water supply and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here