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FinMin: Govt committed to fiscal restraint

09/05/2003 15:42
Finance Minister, Marcos Kyprianou, said that the government is in the midst of implementing our own fiscal policy and clarified that the current budget belongs to the former government. He was responding criticisms expressed by Central Bank Governor Christodoulos Christodoulos about the fiscal deficit, which in 2003 is expected to shoot over 4% of the GDP.

Mr. Kyprianou said that the newly elected government has already expressed its concerns with regard to the Cyprus economic conditions and has already informed the Cyprus citizens and Parliament on the issue.