Georgiades says 2018 budget to increase revenue 3.6%, spending 2.9%

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Georgiades says 2018 budget to increase revenue...
 © BusinessMail 2017
By Stelios Orphanides

The government expects to collect over €7.4bn in 2018, or 3.6 per cent more than this year, and spend just below €7.4bn, up 2.9 per cent, Finance Minister Harris Georgiades said on Thursday.

Addressing reporters after the cabinet approved the fiscal management framework for 2018 to 2020, Georgiades said the government will increase primary spending by €150m next year, according to a statement emailed by the Press and Information Office.

“The increase in spending is within acceptable boundaries, which means that we will have a balanced budget in 2018 with a...


Georgiades says 2018 budget to increase revenue 3.6%, spending 2.9%


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