The position of the candidate for the Presidency of the Republic of Cyprus Konstantinos Christofides on fiscal policy is that it is inappropriate to continue the emergency and universal aid granted because of the pandemic.
In a statement, he points out that in the new circumstances aid must be targeted to those in real need. It says that in areas such as policy to support vulnerable households, to support the transition to renewable energy and energy saving and to promote the digitalisation of the economy, Cyprus "unfortunately remains a laggard in the EU."
The appropriate policy to address the impact of the temporary increases, which mainly affect certain food categories and construction projects, it notes, is the formulation of appropriate wage adjustments through the guidance of the social partners in the context of collective bargaining.
