Cyprus’ 2026 budget shows resilience

The Cypriot state fund for 2026 is simply a maturation fund and continues to support the resilience of the economy, Finance Minister Makis Keravnos said connected Thursday arsenic helium presented the fund to the speaker of the House of Representatives, Annita Demetriou.

The House speaker noted the value of the fund having surplus and growth, and added that the statement successful Parliament will statesman connected October 13.

“It is simply a maturation budget, which continues to support the resilience of our system with the indispensable surpluses so that are successful a presumption to trim the nationalist debt, unleash the imaginable and strengths of the economy, and beryllium capable to connection much development, much κοινωνικά argumentation and much information for the citizens of our country,” the concern curate said.

Demetriou expressed restitution for the information that the curate puts such an accent connected κοινωνικά policy, adding that Parliament prioritizes support for the much vulnerable groups of society.

The 2026 fund amounts to implicit 10.7 cardinal euros, excluding amortization expenses: Budget gross for adjacent year is estimated astatine a total of €12.68 billion, while expenditure is projected to travel to €10.78 billion.