fiscal discipline

significant tags: state payroll fiscal discipline

Streamlining State Payroll: A Step Towards Fiscal Discipline

The Republic of Cyprus is streamlining its state payroll by introducing a cabinet review process for new public sector job openings and aligning with international benchmarks. The government is also investing in the green economy and digital transformation to ensure sustainable growth and adapt to future challenges in the global economic landscape.

fiscal discipline budget amendments

Navigating Fiscal Challenges: Cyprus in Focus

President Nikos Christodoulides emphasizes the importance of fiscal discipline in Cyprus, recognizing that it is crucial for financial stability and longterm prosperity. Recent protests by civil servants and budget amendments have brought the issue of financial discipline to the forefront, highlighting the need for a disciplined approach to managing state finances and supporting social policies without compromising the state’s economic health.

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