Cyprus government slashes spending by €367 million amid COVID-19 crisis 

Click For Larger Image & Read More
Cyprus government slashes spending by €367...
 © Parikiaki 2020
Cyprus Finance Ministry has slashed €367 million from public expenditure as part of a revision of the 2020 state budget amid the crisis of the coronavirus outbreak.

The government savings were by the Council of Ministers.

Giorgos Panteli, Permanent Secretary of the Ministry of Finance, told CNA 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 and...


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 10-5-2020

Cyprus government slashes spending by €367 million amid COVID-19 crisis 


The contents of this article including any associated images are © Parikiaki 2020
Views & opinions expressed in this article are those of the author and/or Parikiaki .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: cyprus, government, slashes, spending, million, covid, crisis,