Cuban Prime Minister Manuel Marrero Cruz told the National Assembly that state pensions will rise in September, covering 1.32 million retirees—about 79 percent of those in the social-security system. The measure applies to age, disability and survivor pensions of up to 4,000 pesos a month. Retirees receiving up to 2,472 pesos will gain an additional 1,528 pesos, while the 438,572 people on the minimum pension will see their payments double to 3,056 pesos. Marrero said increases could be extended further as fiscal conditions improve. The announcement comes as Havana grapples with inflation and tight public finances. To bolster hard-currency inflows, the government will also authorize “swap” arrangements that let foreign firms lease hotels or form joint ventures with state and private partners, adding another channel for external investment.
Cuba anuncia nuevas formas de inversión extranjera en hoteles y aumento de pensiones ✍️ @ngameztorres https://t.co/ntoyDud4rg
Marrero hoy - Modesto aumento en pensiones estatales - #Cuba permitirá operaciones de "swap" con compañías extranjeras que arriendan hoteles y empresas mixtas e/estado y los privados - Confirma que $ de misiones médicas no se destina del todo a la salud https://t.co/8Kmc3rb6EY
#Cuba's PM today -Modest rise in state pensions -Gov will allow "swap operations" involving foreign companies leasing hotels & joint ventures b/state& private sector -Indiscretion confirming $ from medical missions doesn't go entirely to publish health https://t.co/RaSOgwsqOf