Cyprus 2020 Budget "balanced", forecasts growth rate of 2.9%

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 The Cabinet approved on Wednesday the 2020 State Budget which forecasts that the Cypriot economy will grow by 2.9% in the next year. The 2020 state budget, which was approved today by the Cabinet, is balanced with a fiscal surplus, Finance Minister Harris Georgiades told the press, at the Presidential Palace where the Cabinet meets under the President of the Republic. The budget foresees a fiscal surplus of 2.7% and a primary surplus of 5.1%. The Minister noted that no further measures, …

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