Fiscal council urges government to focus on reducing debt

20-7-2018 Business Mail BusinessMail Hot

Fiscal council urges government to focus on...

By Stelios Orphanides

The government should contain spending and instead focus on reducing public debt “as early as possible,” the Cyprus News Agency (CNA) reported on Friday, citing the chairman of the fiscal council.

The body, tasked with monitoring the drafting and execution of the government budget and advising the government to avoid fiscal derailment, is concerned about increases in public spending following the government’s decision to consent to the unions’ demand for a reinstatement of pay cuts in the wider public sector, Demetris Georgiades, chairman of...

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