[Cyprus Times] Budget and MFF have vision, shape the future, says Onoufrios Koulla

Budget 2022 Budget and MDA have vision, shape the future, says Onoufrios Kulla

The budget and the three-year Medium Term Financial Framework (MTF) have vision, shape tomorrow and build the future, while incorporating the Recovery Plan, DISY MP Onoufrios Koulla said during his speech in Parliament on the 2022 state budget.

He also said that Cyprus will be among the few EU countries that will have covered the loss in terms of GDP in 2020 and added that "we are close to full employment conditions and that is why the social partners are discussing the national minimum wage."

He said that "the public debt was increased to cope with the pandemic, but it is decreasing" and added that all these "are enviable results in the middle of the pandemic."

Referring to the budget, Kulla said that he foresees "a 10% increase in development spending, a record €717 million for the environment and green growth, €170 million for the environment and green growth, €170 million for the environment and green growth, €170 million for the environment and green growth, €170 million for the environment and green growth, €170 million for the environment and green growth, and €170 million for the environment and green growth. digital transition and an expanded social policy."

Culla asked that "if we did not do what we did in 2013-2019," with the correction of public finances, repayment of the Russian loan and IMF loans, correction of the oversized banking sector and reforms, "how would we have dealt with the pandemic, with what money would we have supported workers and businesses, and where would we be today?"

He also said that based on the results from the management of the pandemic "we are among the best countries in the world" and added that "we owe a lot to the public health system."

Culla said that "we should not be nihilists in almost everything" and added that "in some cases we should be for the results" to which Parliament, citizens and the scientific community contributed.</B-8

"We had less lockdown and restrictive measures and at the same time we achieved superior economic results than the EU average and the whole planet," he said, adding that in the midst of the pandemic, the rating agencies that downgraded us in the previous administration, one upgraded us and two upgraded the prospects of the Cypriot economy."Source: CNA

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