Measures for the improvement of the State Socialist Company

1. Develop a financial institution, banking or not, to promote business development, which ensures working capital and allows establishing production chain schemes.

2. Define as an indicator to evaluate the impact of the previous measure in the Tourism sector, the index of imports per dollar of income.

3. Operate closed financing schemes at the company level, defining those that are in a position to execute them.

4. Expand the use of the closed scheme, maintaining the coefficient approved in the Economic Plan.

a. To finance micro investments, that allow the increase of exports in the short term.

b. For the total or partial payment of the debts contracted.

5. Allow companies, whether or not they operate with closed schemes, to retain, in whole or in part, the foreign exchange earnings obtained by the overcompliance of planned exports. Define the mechanism for its implementation.

6. Promote pre-financing of productions and investments, by national entities. Identify the potentialities for the first stage.

7. Allow companies that produce for export to directly manage financial or commercial credits, provided for in the Economic Plan, assuming responsibility for their return. With the participation of the Banking System. Define the mechanism for its implementation.

8. Apply the system of relations between state companies, one hundred percent Cuban mercantile companies and foreign investment modalities, with the Mariel Special Development Zone, which allows companies to retain 50% of the currency from commercial operations with these entities. .

9. Eliminate the limitations in the relations of companies with non-state forms of management, conditioning them to the use of bank accounts and to the prior approval of the highest collegiate management body of the corresponding level (company or base business unit). Maintain the use of cash only for minor payments, as established. Establish procedures that regulate what is indicated.

10. Allow the commercialization of available productions at the established prices, formed by the cost method or by correlation, eliminating the subsidy in the corresponding cases. The measure does not include the collection prices of agricultural productions.

11. Empower the companies that decide to import certain nomenclature of products that are taxed on productions for export. Previously create the necessary conditions to exercise this power.

12. Make the OSDE powers to modify the plan more flexible and promote the companies that make it up, provided that it does not mean deterioration of the management indicators approved for the organization.

13. Increase the payment of profits to workers, from 3 average wages at present to five average wages, with the following details:

a. Condition the increase to at least 5% compliance with the management indicators.

b. Specify that planned expenses not executed cannot be distributed as part of profits.

14. Gradually relax the approval of payment systems down to the level of companies, determining those that meet the conditions to exercise this power.

a. Specify the indicators that will be linked to the formation and distribution of wages.

15. Modify the established procedure to finance development and research and training activities, from the profits after taxes, being considered as investment and not as expenses.

16. Failure to apply the measure of contributing to the State Budget the overcompliance of planned profits above 20%, until the results of the modeling are presented to the Government Group for Business Improvement.

17. Study that state companies, which are shareholders of mercantile companies and mixed companies, act under the principles and rules established for this figure. Consequently, these companies will not contribute to the State Budget the dividends they receive, will record this income as defined in accounting standards, and will comply with the established tax obligations.

18. Reduce the indicators that are issued in the Economy Plan:

a. Study in a first stage (Plan of the Economy2020) the reduction of the State Order indicator and evaluate those related to activity levels.

b. Specify the indicators to measure the performance of the business system.

19. On the sale of idle and slow-moving inventories and tangible fixed assets proposed for sale, as well as their parts, pieces and accessories:

a. Make wholesale sales more flexible, including marketing to own-account workers and other non-state formulas.

b. Make retail sales to natural persons more flexible, through a network of selected trade companies.

20. Study and present to the Executive Committee of the Council of Ministers proposals on fiscal policy or others, that allow promoting exports.

21. To study for a second stage the possible expansion of operating closed financing schemes at the level of the base business units.

22. Present to the Executive Committee of the Council of Ministers the measures for the improvement of the superior organizations of Business Management in the month of July and continue the study for the improvement of the basic companies and business units during the rest of the year.

23. Prioritize the allocation of financial and material resources to the national industry by virtue of increasing the production destined for export and satisfying the demands for intermediate goods of the entities that pay the exporters.

24. Concentrate the main efforts in the fulfillment of the productions directed to guarantee the export, food, inputs for tourism, renewable sources of energy, computerization program and medicines.

25. Ensure the basic necessities of the population, basically food, products of economic lines and fuels. If necessary, on executing the import levels foreseen in the economy plan for these destinations, reducing financing for other activities.

26. Prioritize tourism, taking into account its importance for the development of the country and the efforts and resources that are being invested in this activity.

27. Establish that exporters, initially the entities of the tourism sector served by the Mintur, Tabacuba and others that are decided from time to time, acquire certain national products and services, paying 50% of their value with liquidity support and implement financial mechanisms that allow companies that export or produce for exporters may receive liquidity-backed financing.

28. Make planning flexible, keeping your driving centralized:

a. Make the plan proposals from the base, without establishing frames in the initial phase of its elaboration.