Cuba News
The strategy has the objective of diversifying the sources of ingress of the state’s presupposition
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Issuing debt as Treasury Letters is a priority to finance the Cuban state’s presidency. (Photo: Periódico Cubano)
The Ministry of Finance and Prices of Cuba has published the work priorities for the year 2021 in the System of Treasury and Public Credit. One of these emergencies finances the State’s presumption through the issue of debt with the Treasury Letters.
The issuance of public debt, both to natural persons such as lawyers, is a mechanism for the capitalist states, giving the soliciting nations a chance to develop the promise of money in the future with an interest in the manner of profiteering.
➡ Work priorities for the year 2021, under the System of Treasury and Public Credit ⤵⤵:
MImplement the financing in short supply #PresupuestoDelEstado mediante el empleo de Letras del Tesoro.# Cuba 🇨🇺#FinanzasyPrecios @MeisiBWeiss pic.twitter.com/V14owedAQZ– Ministry of Finance and Prices of Cuba (@finanzasprecios) 21 March 2021
In order to offer them the changes to the Letters of the Treasury, a document -tip type- where the volunteer of the State reflects on the money paid. In this document reflects the time of the presbytery and the interests to be understood.
Up to now, these parameters have not been disclosed to the state of mind. Internationally, there is a mechanism by which states that can qualify their most important economies must pay for an inverse diner. This is related to the risk of impacts; if there are any economic difficulties, it will probably not pay off in time for its successor.
In Eurozone, the reference country is Germany and the premium of a country is the difference between its 10-year bonus and the 10-year German bonus (bund). In the United States, the United States has the reference country and, for that matter, the risk premium is the difference between the 10-year bonus and the 10-year US bonus (T-Bond).
In agreement with Meisi Bolaños Weiss, Minister of the Sector, the strategy has in view of the diversification of the sources of ingress of the state, which in recent times has been very mixed and in fact there is a shortage of guests sido superiors to los ingresos.
Other priorities of the Ministry of Finance and Prices are “regular and conduct the access to bank credit for local prescribing to cover temporary imbalances of caja” and “optimize the administration of financial resources in the accounts of the Treasury System”.