State budget to have 2% surplus

The 2024 state budget will have a 2.2 per cent surplus, President Nikos Christodoulides said on Monday.

Christodoulides was speaking at the Cyprus chamber of commerce and industry (Keve)’s annual general meeting and said the surplus “reflects our commitment to lasting reforms and fiscal stability.”

“The budget which is being sent to parliament for a vote sets out our political priorities and transforms the basic principles of our programme of governance into costed and implementable projects and reforms...