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Finance Minister: Development Spending Up Despite The Pandemic Crisis
June 28, 2021
Despite the pandemic crisis the government has increased the development spending to boost the recovery, Finance Minister Constantinos Petrides has said.
Speaking Saturday evening during the inauguration of the 1st phase of the reconstruction and revamping of a central avenue at the Municipality of Ypsonas, Limassol, the Minister said that this project was delayed because of the financial crisis of 2012-13, adding that due to prudent financial management, not only have we not cut the budget in development projects, but on the contrary, to boost the recovery, we have increased development spending, using funding and project subsidy by the EU.