fiscal measures

government public amenities

Balancing Acts: Weighing Public Amenities Against Fiscal Measures

In an effort to balance public amenities with fiscal measures, the government has introduced ‘offsetting measures’ like extending subsidies on electricity bills, maintaining a zero VAT rate on essentials, and providing additional financial support to vulnerable groups. These steps aim to ease financial burdens while upholding fiscal responsibility, showcasing a delicate dance of governance that strives to keep citizens’ needs at the forefront.

economic development fiscal measures

Cyprus’ Positive Economic Trajectory Amid EU Challenges

Cyprus’ economy is thriving within the EU, with Finance Minister Makis Keravnos implementing targeted measures totaling nearly €300 million to support vulnerable groups and strengthen the middle class. These fiscal policies are contributing to Cyprus’ resilience and longterm economic stability, outperforming many European counterparts.

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