Coronavirus: Government slashes spending by €367 million

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Coronavirus: Government slashes spending by...
 © CyprusMail 2020
The finance ministry has slashed €367 million from public expenditure as part of a revision of the 2020 state budget amid the coronavirus crisis.

The government savings were passed by the Council of Ministers.

Giorgos Panteli, permanent secretary of the finance ministry, told the Cyprus News Agency that the savings were found after cutting spending earmarked for trips abroad, overtime, allowances and the hosting of conferences.

He added that the government has decided to freeze hiring in the public service and promotions. A freeze in hiring...


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This article was automatically added to our system 9-5-2020

Coronavirus: Government slashes spending by €367 million


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