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Cyprus`s may target a wider deficit in 2021 than we had previously expected, but fiscal performance should still be strong relative to regional and ratings peers, Fitch Ratings has said. Commenting on the delay in the approval of the 2021 state budget by the Cyprus parliament, Fitch said that this highlighted “pandemic-related spending pressures, although it was primarily caused by political demands for a formal investigation into the country`s citizenship for investment scheme.” Fitch highlighted that the delay in passing the 2021 …
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