MPs start re­view of 2018 Bud­get, vote ex­pected in early De­cem­ber

Financial Mirror (Cyprus) - - FRONT PAGE -

Fi­nance Min­is­ter Har­ris Ge­or­giades pre­sented the 2018 state bud­get to the House Fi­nance Com­mit­tee, which ex­pected to be ap­proved in the first half of De­cem­ber.

The bud­get, ac­com­pa­nied by the medium-term fis­cal frame­work, pro­vides for a 3.0% growth rate, while 2017 eco­nomic growth will ex­ceed 3.5% of GDP.

Speak­ing be­fore the Com­mit­tee, Ge­or­giades said that eco­nomic re­cov­ery fol­low­ing the 2013 fi­nan­cial cri­sis is free from the dis­tor­tions of the past, namely ex­ces­sive credit ex­pan­sion and deficit-driven pub­lic spend­ing.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.