21/10/2003 14:54
The latest report of the Economist Intelligence Unit released by StockWatch on Monday is currently examined by the competent authorities, Government Spokesman, Kypros Chrysostomides said on Tuesday.
EIU estimates that in case of a Cyprus settlement, fiscal deficit will climb to 7.2% of GDP in 2005, while growth rate will reach 6%.
On a journalist’s comment that the forecasts of the Intelligence Unit are similar to those outlined in the study of former President, Giorgos Vasileiou, Mr. Chrysostomides said that the numbers fluctuate to more than ten billion.
According to this study, growth rate will stand at 7% in 2007 and fiscal deficit will reach 6.1% in 2005.
Commenting on the government’s study assigned to an independent firm, Mr. Chrysostomides said that the cost of solution is under thorough examination and all parameters will be reviewed.
On its report, EIU has described the estimates of the Finance Ministry on fiscal deficit for 2004 as overoptimistic.
EIU estimates that in case of a Cyprus settlement, fiscal deficit will climb to 7.2% of GDP in 2005, while growth rate will reach 6%.
On a journalist’s comment that the forecasts of the Intelligence Unit are similar to those outlined in the study of former President, Giorgos Vasileiou, Mr. Chrysostomides said that the numbers fluctuate to more than ten billion.
According to this study, growth rate will stand at 7% in 2007 and fiscal deficit will reach 6.1% in 2005.
Commenting on the government’s study assigned to an independent firm, Mr. Chrysostomides said that the cost of solution is under thorough examination and all parameters will be reviewed.
On its report, EIU has described the estimates of the Finance Ministry on fiscal deficit for 2004 as overoptimistic.
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