Budget safeguards fiscal stability

The 2024 state budget aims to safeguard fiscal stability while promoting green transition and digital transformation, ushering in a more modern economy, Finance Minister Makis Keravnos said. Keravnos presented the next year’s


Finance Minister submits 2024 budget to House

Finance Minister Makis Keravnos submitted the 2024 state budget, the first of the Nikos Christodoulides administration, to House Speaker Annita Demetriou on Wednesday. Keravnos presented the budget to the House Speaker before

Cabinet approves 2024 surplus budget

The Cabinet approved Wednesday the 2024 state budget, the government’s first, estimated to record a fiscal surplus of €659 million or 2.2% of GDP. Finance Minister Makis Keravnos said the budget aims


GDP growth slowing, better next year

Projected GDP growth of the Cyprus economy has been revised downward to 2.6% from an initial 2.8%, while next year’s momentum is expected to pick up, said Finance Minister Makis Keravnos. The


Government welcomes passing of biggest budget

The government welcomed parliament approving the 2023 state budget, the last tabled by the 10-year administration of outgoing President Nicos Anastasiades. The President extended his gratitude to most parliamentary parties for voting

2023 state budget debate begins

A three-day session of parliament to discuss the government’s 2023 state budget begins on Tuesday. The budget is the tenth and last under President Nicos Anastasiades’ administration. The budget provides for total

Presidential Elections to cost €7 mln

Higher cost of living and rising inflating will bloat the bill for the Presidential Elections 2023 in February by €2 mln compared to those held in 2018. The budget of the Ministry

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