COVID19: Cyprus not preparing for national lockdown

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COVID19: Cyprus not preparing for national...
 © FinancialMirror 2020

Finance Minister Constantinos Petrides urged MPs to approve the budget as Cyprus is gripped by the pandemic, revealing it was drafted on the assumption that another national lockdown would be unnecessary.

Presenting the 20121 state budget to the parliamentary committee of Finance and Budgetary Affairs, Petrides said: “The budget was drafted on one premise, that we will not go into total lockdown”.

He said in the worst-case scenario, another national lockdown, the Finance Ministry will adjust its budget expenditure as it did during the pandemic...


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This article was automatically added to our system 26-10-2020

COVID19: Cyprus not preparing for national lockdown


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