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


Fiscal caution needed amid energy crisis

A prudent fiscal stance is necessary to maintain buffers to enable government support to the vulnerable during the current energy crisis, warned Finance Minister Constantinos Petrides. “In this new era, we should


Fiscal indicators improve despite COVID spending

Cyprus fiscal indicators improved in 2021, despite the government spending millions on furlough schemes and measures to support businesses to address the fallout from COVID-19 restrictions. The preliminary budget results prepared by

EU screens Cyprus for fiscal imbalances

Cyprus is one of 12 member states the EU will conduct an in-depth review (IDRs) under the Alert Mechanism Report (AMR), a screening measure to detect potential macroeconomic imbalances. This year’s AMR