Cyprus presents bid to increase EU spending cap
Cyprus could up its spending cap if it convinces Brussels that the models the latter uses systematically ‘downgrade’ the island’s economic indices, the head of the Fiscal Council asserted ...
Fiscal council’s budget to increase by 12 per cent
The fiscal council’s budget for 2025 is over 12 per cent larger than its budget for the previous year, according to information revealed on Friday.
News website Stockwatch reported that the ...
The importance of independent fiscal councils
By Andreas Charalambous and Omiros Pissarides
In most developed societies, we observe the establishment of institutions that aim at the wider social benefit, through the technocratic assessment of fiscal policies.
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Risks looming for the economy – Fiscal Council
The short-term outlook for the economy is a positive one, but risks could loom in the longer term, the Fiscal Council said on Monday.
Michalis Persianis, chair of the Fiscal ...
Fiscal council suggests investing social insurance fund to address chronic problem
The state could benefit from investing its social insurance fund as part of an effort to tackle the “chronic problem” surrounding its operations, chairman of Cyprus’ fiscal council Michalis Persianis ...
‘Significant delays’ in Cyprus’ recovery and resilience plan, fiscal council warns
Cyprus’ fiscal council noted significant delays in the implementation of commitments related to the Recovery and Resilience Plan (RRP), in its interim report published on Tuesday.
The council emphasized that ...
Government mulls extending electricity bill subsidy
The government is mulling extending the scheme for subsidising electricity bills, but has yet to firm up a decision, an official told MPs on Monday.
Melina Katsounotou, head of the ...
House plenum convenes to approve emergency spending
In a special session on Thursday, the House plenum gave the nod to urgent spending items for several government departments and agencies while also releasing funds allowing for the operation ...