Finance Minister Harris Georgiades recently tried to allay fears of austerity until 2018, following publication of publication of the government’s Fiscal Policy Strategic Framework 2016-2018, which highlighted a planned freeze on government spending over the next three years, as well as a capped budgets for ministries.
Read full articleCyprus from an example to avoid has become an example to follow, Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, Taxation and Customs Union said in an interview with CNA, adding that the Cypriot economy has made remarkable progress following two years of an adjustment programme.
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