Social protection expenditure in Cyprus up for third consecutive year in 2017

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Total expenditure for social protection in Cyprus was up in 2017 for the third consecutive year following a significant drop in 2014 by about €620 million, to €3.51 billion.The Cyprus Statistical Service released Thursday the results of the Social Protection Survey, which is based on the principles and rules determined by the European System of Integrated Social PROtection Statistics (ESSPROS).According to the data, social protection expenditure in Cyprus as a percentage of the GDP, reached 18.5% in 2017, compared to …

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