Fiscal council urges government to focus on reducing debt

20-7-2018 Business Mail BusinessMail Red 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...

Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 20-7-2018

Fiscal council urges government to focus on reducing debt

Trending Cyprus News

Perdios: UK tourists when country in Group A
The British tourism market is unlikely to open up as long as the UK is in Class B, which requires arrivals to have tested...
Missing girls
Police on Wednesday issued an appeal for information on the whereabouts of two teenage girls from Limassol who have been missing since Tuesday....
Police arrest pub owner in brawl probe
Paphos police have arrested the 38-year-old pub owner in connection with a brawl in which a man was injured and robbed of valuables and cash....
Cypriot expat billionaire Christodoulou still drinks...
At the age of 18, Cypriot expat John Christodoulou, at that time unemployed, convinced the landlord who owned a small shop in Hatton Garden...
Red warning flag raised at Limassol beach after jellyfish...
Limassol’s lifeguards unit raised a red beach warning flag at a Limassol beach due to the appearance of jellyfish. According to a Facebook post...
Mouflon wanders into mountain coffeeshop
Photos of a mouflon visiting a coffee shop in the mountain village of Kambos were all over social media on Wednesday. The mouflon was found...
Man wanted for abduction, bodily harm
Police are seeking 31-year-old Antonis Theodoulou who is wanted as part of an investigation into abduction, bodily harm and assault....
Man jailed for raping exchange student
A young man has been sentenced to six years in prison for the rape of an Erasmus student at a party in Larnaca almost two years ago. During a...
Latest Cyprus Coronavirus News Updates...
Read the latest Cyprus Coronavirus News from all news sources together in one place - updated 24/7...