Finance Minister submits 2017 budget to the Parliament

The state budget for 2017 creates the conditions for sound and sustainable management of public finances, which will assist and support the economic growth, said Finance Minister Harris Georgiades on Friday.

Georgiades was speaking after submitting the state budget for 2017 to House President Dimitris Syllouris, to mark the start of the examination and approval procedure, by the plenary of the Legislative Body by the end of the year.

This is the first budget to be drafted following Cyprus exit from the three-year economic adjustment programme last March.

Source: Cyprus News Agency.