The plenary of the parliament begins Wednesday the debate on the state budget.
The discussion is set to begin at 1500 local time. Head of the House`s finance committee Christiana Erotokritou will present the Committee`s report on the budget and then the leaders of the political parties will deliver a speech outlining their positions on it.
According to the planning, the smaller parties will speak first and therefore they will speak as follows: Green Party, DEPA, EDEK, ELAM, DIKO, AKEL and DISY.
Cyprus state budget for 2022, provides for increased revenue and slightly reduced expenses, while an increase of 10% is recorded in development expenditure. The growth of the economy in 2022 is projected at 4%, while the budget deficit is expected to record a significant decrease and reach 1.1% of GDP.
The state budget that was submitted to the
Source: Cyprus News Agency