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Cyprus posted a budget deficit amounting to €1.13 billion in 2020, compared to a €423 million surplus the year before, reflecting the significant impact of the coronavirus pandemic and the government support measures on the public finances. According to the Financial Report for 2020 published by Treasury of the Republic, Cyprus public debt in 2020, excluding intergovernmental borrowing amounting to about €9 billion, rose to €24.7 billion in end-2020 compared with €21 billion in the end of 2019. The Treasury said in …
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