Approval of the 2025 Budget with Positive Development Prospects
September 20, 2024
The Cabinet approved the state budget for 2025, focusing on maintaining a surplus in the fiscal balance and promoting growth in key sectors. Development expenses are set to increase by 2.1% and spending on education and health by 5.2%. At the same time, a reduction in public sector employment is expected. The outlook for the Cypriot economy remains positive, with a decrease in unemployment anticipated in 2025.