Insider Business Fin Min: Government remains committed to balanced budgets

Fin Min: Government remains committed to balanced budgets

The government remains committed to a balanced budget, Finance Minister Harris Georgiades said on Friday during a meeting with the Fiscal Council.

The latter’s president Demetris  Georgiades expressed concern over the impact of the state payroll and the ESTIA plan to protect vulnerable borrowers  on public finances, but said he felt more confident after the meeting that there would not be fiscal derailment.

The minister’s meeting with the Fiscal Council was the first since the government took over on March 1.

“I gave the assurance that fiscal policy remains clear and strictly within the limits of a balanced budget,” the minister said. This was a key precondition to macroeconomic stability, he added.

Replying to a question the minister said that Cyprus is expected to tap international markets this year, expressing the conviction that markets would show confidence in the Cyprus economy.

Top Stories

Two men remanded for cannabis

  Two Greek Cypriot men were remanded in custody for one day this morning after being arrested by the SBA Police just outside of Ypsonas...

The details of Britain’s impending quarantine scheme

The British government plans to introduce a 14-day quarantine period for almost everyone entering the country from June 8. Below are details of the scheme: WHO...

Germany to lift travel ban for EU, Schengen countries and UK from June 15

Germany will lift a travel ban for European Union member states plus Britain, Iceland, Norway, Liechtenstein and Switzerland from 15 June as long as...

Cabinet green lights phase 3 of relaxation of restrictions

Cabinet on Wednesday gave the green light for phase three of the relaxation of restrictions that had been imposed to stem the coronavirus outbreak...

ECB buys €481 million of Cypriot bonds as part of PEPP

  The European Central Bank (ECB) has bought Cypriot bonds amounting to €481 million as part of the €750 billion Pandemic Emergency Purchase Programme (PEPP)...

Taste

Poulles (Υoung kolokassi)

Either you thrash the coriander seeds in a mortar, without making them into dust, or you gradually crush them in a blender. Remove the edges...

Pork cooked in wine

Crush the coriander seeds in a pestle and mortar or pulse-blend in a blender, taking care not to over-grind. Put the meat in bowl (not...

Lefkaritikos tavas – O ‘protinos’

Wash and dry the meat and rice separately. In a ‘tava’ (oven proof deep clay pot) first put a layer of five-six pieces of meat...

Local cuisine: An introduction

Rich in fresh ingredients and tasty herbs, offers the very best of Mediterranean culinary delights. Head out to a tavern and feast on a...