NBC News — Cuba's government approved several sweeping economic and social reforms monday. The announcement was made by Cuban President Raul Castro in the country's parliament. He spoke after the Cuban Parliament approved Communist Party proposals to overhaul the country's stagnating, state dominated economy and lift some restrictions on citizens' personal lives.
The economic reform plan approved by the national assembly includes more than 300 topics. The reforms also ease travel restrictions on citizens. The reforms will be implemented over the next five years and slash more than a million government jobs and reduces the state's role in agriculture, retail services, transportation and construction.