Coronavirus: FinMin asks other ministries to make cutbacks

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Coronavirus: FinMin asks other ministries to...
 © CyprusMail 2020
The finance ministry has asked other ministries to cut non-essential operating and developments expenditure, as the government seeks to dampen the fiscal effects of the coronavirus crisis.

In a March 30 urgent circular to other ministries, finance ministry permanent secretary Giorgos Panteli, said the measures put in place to stop the spread of the coronavirus “inevitably affected state revenues and expenditure” and therefore the 2020 budget and the medium term fiscal framework, 2020-2022, which had been drafted taking into account different facts....


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Coronavirus: FinMin asks other ministries to make cutbacks


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Article Tags: coronavirus, finmin, other, ministries, cutbacks,