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The International Monetary Fund has revised upwards its forecast for Cyprus’ primary surplus for 2019 and for the next years, compared with its April forecast. In its October 2019 Fiscal Monitor, the IMF also said that it expected a bigger reduction of public debt. The Fund projects that the general government`s primary surplus will rise to 5.9% of GDP in 2019 from 4.1% it predicted in April’s Fiscal Monitor, and will fall to 4.7% in 2020. The IMF says that Cyprus’ primary …
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