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Monday, 04 March 2019 19:35

Use of Funds for Local Development Corrects Course in Cuban Province (+ infographic)

Written by István Ojeda Bello
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Use of Funds for Local Development Corrects Course in Cuban Province (+ infographic) Photo: Reynaldo López Peña

Three years after local governments are the ones that decide what to do with the contribution to local development; the use of these funds seems to be on the right track, said officials of Economy and Planning in this province of eastern Cuba.

 

Las Tunas, Cuba.- Nevertheless, they warned that these advances will only be irreversible the more the decision makers have a strategic and proactive vision in the use of that capital.

Although rehabilitations or repair of the productive or services infrastructure accounted for the highest percentage of the 53.8 million pesos (CUP) that Las Tunas had available from 2015 to date, as a result of the contribution made by the business and cooperative local system, this practice was reversed last year, since most of the money was spent on investments.

"This indicates that we have advanced in the understanding that such a flow cannot concentrate only on solving specific approaches, which is important; but more so to expand capabilities or technologies," said Rafael Torres González, director of Economy and Planning here.
This has been possible, he explained, because the municipalities have been realizing the true purpose of that one percent of the income of companies, establishments or cooperatives that they have from what is established by Law 113 of the Tax System.

Contribution to territorial development                                                                                                                                                          By István Ojeda Bello

During the present 2019 we will continue to insist on that idea, he added. "The 55 development projects that have already been structured throughout the province and allow the territories to have a clearer idea of where to direct the subsequent steps are crucial to this end." For this reason, he reiterated the importance of "transforming those long-term objectives into concrete actions in the annual plan of the economy."

Torres González cataloged the changes that the new Constitution proposes regarding local governments as opportunities. "We are in a process of decentralization that should be translated into the understanding that next to the institutional transformation, the styles of work must change," he insisted.

When the fourth year of the effective use by the governments of the contribution to territorial development has begun, the director of Economy and Planning in Las Tunas agreed that there is still much to be done, since in the conditions of an economy with monetary and exchange duality and with limitations in its importing capacity, the monetary figures are not everything. That is why here, he concluded "we do not cease in the search for options to avoid the non-execution of these funds and that as much as possible the resources can be found."

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