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Raul lowers Cuban economic expectations

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Raul lowers Cuban economic expectations


Cuban president Raoul Castro has made his first visit to the National Assembly that elected him last February. But it was to announce a cautious approach to further pay increases in the context of a global economic slow-down. Better pay for workers has been one of his key reforms.

“Socialism means not just social justice and equality, but equality of rights and opportunities, and not income. Equality is not egalitarianism, itself also a form of exploitation, because the good worker pays for the average, or worse, lazy one,” he said.

Castro warned against false expectations in such a climate, even as he wished to speed up improvements to people’s daily lives. He did announce the retirement age would be raised as the population is ageing, the construction sector will be decentralised, and he called for agricultural reform.

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