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Parliament Votes Cyprus State Budget for 2020
December 12, 2019
The House of Representatives plenary voted the state budget for 2020 on Wednesday evening with 29 votes in favour and 23 against, the CNA reported.
MPs also voted a series of amendments placing restrictions on certain provisions of the budget, which means the government will have to get the approval of the parliamentary committee of financial and budgetary affairs before it goes ahead with disbursing those funds.
The budget includes a total income of €9,999.7 million compared to €9,090.2 million in 2019, presenting an annual increase of 10%, due to a further enhancement of economic activity and an increase of contributions in the context of the NHS from March 1, 2020.