Total expenditure is forecast to reach €7.53 billion while income will come to €7.72 billion.
An increase of 3.4% is projected in both income and expenditure, with an expected fiscal surplus of 1% of GDP.
Georgiades who presented the budget and the fiscal framework to his colleagues said that it includes a series of important projects and new policies.
“The budget has been approved by the Cabinet and it will be submitted to Parliament to be debated and voted on in time,” Georgiades said.
Budget for 2018 with elections in the background
Budget expenditure implementation reaches 43%
Casino contribution to economy estimated at 4% of GDP
He said that the increase in income does not derive from measures aiming to collect...