Cyprus Finance Minister presents budget to House committee, talks about recovery

Amid conditions of greater stability than 2020 and with Cyprus moving from a stall in economic activity to recovery and development, the state budget was submitted at the House of Representatives, said Finance Minister, Constantinos Petrides, presenting the budget at the house Finance Committee.

Referring to the budget’s aims, he said it is the protection of the health of the population and the development of businesses, with the transformation of Cyprus into a sustainable business center of the region, the social dimension and green development.

The budget, he said, will continue to be in deficit in 2022, however this will be much smaller than last year when it was close to 5% and will be around 1.

Source: Cyprus News Agency