Cabinet approves 2021 state budget

Cabinet approves 2021 state budget

The cabinet on Wednesday approved the state budget for 2021, set to include ‘emergency’ finances due to the coronavirus pandemic, Finance Minister Constantinos Petrides said.

 

The cabinet on Wednesday approved the state budget for 2021, set to include ‘emergency’ finances due to the coronavirus pandemic, Finance Minister Constantinos Petrides said.

According to Petrides, the budget will have a marginal deficit, but it would not endanger the sustainability of the public finances.

Petrides said the budget will be increased by €609 million or 8.7 per cent in relation to last year, due to support measures.

It will include emergency measures for 2021, which will support vulnerable groups, workers and businesses, while at the same time strengthening their development, he said.

 

 

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