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Welfare state spending in Cyprus spiked to €513 million in the first four months of 2019 as the state launched support programmes to safeguard employment amid the coronavirus outbreak. According to data published by the Treasury, welfare spending for the period of January – April 2020 amounted to €513.6 million marking a steep increase of 108% compared to €246.9 million in the respective period last year. Welfare spending peaked in April to €169 million compared to €70 million in April 2019. …
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