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We should not return to practises of the past, new FinMin says
CNA - Gregoris Savva - CYPRUS/Nicosia 06/12/2019 13:33


Cyprus' new Finance Minister Constantinos Petrides called on lawmakers to assume a joint commitment not to return to financial practises of the past, stressing that prudent fiscal management, a healthy banking sector and promoting structural changes would enable the authorities to plan and promote policies of economic growth and social justice.
 
Addressing the House of Representatives plenary ahead of the debate for the 2020 state budget, Petrides stressed that the government and the parliament should try to reach a joint understanding to promote a reform programme covering seven major reforms, including reconsidering the partial privatisation of the state telecoms organisation (Cyta).
 
“The effort is not yet complete and, in the economy, there is no room for complacency,” Petrides said in his first address after assuming his duties as Finance Minister in su

(CNA)

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