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[Cyprus Times] Finance Minister: budget looks to the future without burdening future generations

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Finance Minister's satisfaction with budget passage "He sees tomorrow with green growth, with sustainable growth with digital reform without putting extra burdens on future generations."

He welcomed the approval of the state budget for 2023, Finance Minister Konstantinos Petridis expressed his satisfaction, adding that the budget looks to the future without placing any additional burden on future generations.

"It is a budget that is not myopic, it looks to the future but at the same time gives us the tools to handle the short-term crises we are going through," Petridis said in remarks immediately after the budget was approved by the House of Representatives.

He said the latest budget of the Anastasiades administration "sees tomorrow with green growth, with sustainable development with digital reform without putting additional burdens on the next generations."

"We have put enough on them, instead the budget is designed in such a way that the mitigation of the burdens we have so long created on the next generation can proceed," he said.

At this point, Petridis, in an indirect reference to what happened earlier outside the Parliament, said that "unfortunately these burdens that we have created are not only financial, as we saw today outside the Parliament, we have burdened them with passions and political that after almost fifty years this state and this society cannot overcome and this is sad".

But, he added, "let us at least be serious about the economy, let us move forward with an eye to the future with the restructuring of the economy which we have achieved to some extent bearing in mind that the short term future will not be easy in the economy."

Noting that if we did not have to face these challenges which we will have in the next two years, the planning would be different, Petrides wished the next government that will implement the budget to implement the reforms.



"A budget is never enough for a country to move forward, in order to move forward structurally you need to change the structures, to make the reforms," he said, recalling that this is what the Recovery Fund envisages and this is the horizon we need to have.

"Serious budgets, well planned, within the framework of a development model, a European vision, but at the same time the vision, the will and the political will to proceed with reforms," he added.

In conclusion, the Minister of Finance described as "outdated concepts some parties and some MPs hiding behind others so that budgets are approved and I think this is a practice that must be changed in the future."

Source: CNA


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