Cuba's National Assembly closes session with 2026 economic plans

The Sixth Ordinary Session of the National Assembly of People's Power, held on December 18, 2025, in Havana, approved the economic plan, budget, and a government program to correct distortions amid a structural crisis worsened by the US blockade. President Miguel Díaz-Canel stressed the need for structural and mental transformations to overcome challenges, as ministers reported failures in tourism, sugar, and energy sectors. A modest 1% GDP growth is projected for 2026, despite prior contractions.

The National Assembly session, concluding on December 18, 2025, addressed Cuba's complex economic situation, acknowledging an 11% GDP contraction since 2020 and a decline in 2025. Economy Minister Joaquín Alonso forecasted 1% growth for 2026, matching the unmet 2025 target, under a 'war economy' with rising tensions. The fiscal deficit is estimated at 74.5 billion Cuban pesos (3.1 billion dollars), near 10% of GDP.

Exports are projected at 9.969 billion dollars, driven by services, but tourism missed targets by 25%, reaching only 917.4 million dollars and 1.9 million visitors—the worst since 2003 excluding the pandemic. The sugar industry produced just 42.5% of planned output, with 150,000 tons, less than half the previous year.

In energy, 1.15 billion dollars were invested, recovering 422 MW of distributed generation and 228 MW thermal, with 41 photovoltaic parks covering 30% of demand at daytime peaks, though deficits up to 2,000 MW persist, leaving over two-thirds of the island without power. Infant mortality rose to 9.8 per 1,000 live births, the highest in recent years.

In his closing speech, Díaz-Canel denounced US aggressions, including against Venezuela, and the blockade intensifying inflation and eroding purchasing power. He approved the Science, Technology, and Innovation Law for technological sovereignty and called to prioritize food production, renewables, and state efficiency. The Ninth Party Congress was postponed to focus on recovery, and 2026 will be named the Year of Fidel Castro Ruz's Centennial.

Prime Minister Manuel Marrero admitted impacts from diseases like dengue, with 52 deaths, and an incomplete housing plan (5,750 units, 53.3% of target), including criticized container homes due to heat. The effective population fell to 9.6 million, projecting 7.7 million by 2050.

"We are making history every day, right now," Díaz-Canel stated, urging creativity and control to defend sovereignty and social justice.

مقالات ذات صلة

Cuban parliament session in Havana: deputies discuss economic measures as eight new members take office.
صورة مولدة بواسطة الذكاء الاصطناعي

Cuban parliament analyzes economic measures in ordinary session

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

In Havana on December 18, 2025, the National Assembly of People's Power held its sixth ordinary session of the tenth legislature, where eight new deputies took office and key issues like social justice and economic recovery were discussed.

Cuba is confronting a triple demographic crisis: sustained decline in birth rates, massive exodus of young and skilled population, and accelerated aging transforming its social structure. Authorities confirmed at the National Assembly session on December 18, 2025, that the population declined again this year, projecting only 7.7 million inhabitants by 2050. This endangers the labor force, pension system, and political stability.

من إعداد الذكاء الاصطناعي

The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

In Havana, Prime Minister Manuel Marrero stated that Cuban authorities are working diligently to recover the National Power Grid. He highlighted that $1.15 billion has been allocated for this effort, despite challenging financial conditions.

من إعداد الذكاء الاصطناعي

Cuba's Ministry of Foreign Affairs issued a statement in Havana highlighting the intensification of the economic war against the island. The declaration was published on December 12, 2025.

Cuban Prime Minister Manuel Marrero reported today the approval by the Council of State of three decrees-laws on economic matters.

من إعداد الذكاء الاصطناعي

Following Premier Li Qiang's government work report setting a 2026 GDP growth target of 4.5-5%, Zheng Shanjie of the National Development and Reform Commission projected over 6 trillion yuan GDP growth this year at the NPC economy press conference. The service sector is expected to exceed 100 trillion yuan during the 15th Five-Year Plan (2026-2030). Leaders including Xi Jinping emphasized high-quality development amid the sessions.

 

 

 

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