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The government should be cautious in channeling public funds until there is clarity concerning the development of crisis caused by the coronavirus outbreak, Fiscal Council said in its spring report, stressing that the crisis has once more highlighted the need to promote reforms to strengthen the Cypriot economy. The Council noted that amid the uncertainty caused by the Covid-19 outbreak projections and fiscal planning should be revised and adjusted regularly depending on new data reflecting the clearer image concerning the development …
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