{"id":197181,"date":"2019-04-20T20:50:59","date_gmt":"2019-04-21T00:50:59","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=197181"},"modified":"2019-04-20T20:50:59","modified_gmt":"2019-04-21T00:50:59","slug":"lack-of-control-and-corruption-cause-damages-worth-millions-to-cuban-public-enterprises","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/lack-of-control-and-corruption-cause-damages-worth-millions-to-cuban-public-enterprises\/","title":{"rendered":"Lack of control and corruption cause damages worth millions to Cuban public enterprises"},"content":{"rendered":"

The lack of control in accounts, breaches of payments and corruption<\/a> caused damages amounting to about two billion pesos to 369 Cuban public enterprises in 2018, according to the result of an inspection by the Comptroller General of the Island.<\/span><\/p>\n

Of the economic damages 68% were caused by the chain of defaults with a figure of more than 1.579 billion pesos in “Total Currency (TC),” according to Cuban Comptroller General Gladys Bejerano, <\/span>cited<\/span><\/a> this Thursday by the state portal Cubadebate.<\/span><\/p>\n

The term “Total Currency” refers to the monetary duality in official circulation in Cuba: the Cuban peso (CUP, equivalent to 4 cents) and the convertible peso (CUC, equal to the dollar), with which enterprises operate and the population carries out its commercial transactions.<\/span><\/p>\n

Bejerano specified that the amount of two billion includes the 14% corresponding to the breach of economic plans and 1.5% to alleged criminal acts.<\/span><\/p>\n

The report also indicated that the damages caused to third parties due to non-compliance with payment obligations amounted to more than 23.91 million in TC, while losses due to non-compliance of the economic plans exceeded 327.4 million pesos, but without breaking down the figures in each currency.<\/span><\/p>\n

How will Cuba avoid a second Special Period?<\/a><\/p><\/blockquote>\n