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Cyprus News Agency: News in English, 07-12-21

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] STATE BUDGET - APPROVAL

  • [01] STATE BUDGET - APPROVAL

    The Cyprus House of Representatives after a four-day debate has approved the state budget for 2008, Cyprus` last budget in Cyprus pounds as the country adopts the euro on 1st of January 2008.

    The budget provides for revenue of 4,133.40.000 Cyprus pounds and expenditure of 4,413.90.000 Cyprus pounds.

    The budget was approved on Thursday evening by 37 votes in favour and 17 votes against. Left-wing party AKEL, Democratic Party and Social Democrats Movement EDEK as well as the European Party and the Ecologists and Environmentalist Movement voted in favour, while against voted main opposition party Democratic Rally (DISI).

    In 2007 revenue amounted 3.31 billion pounds and expenditure to 4.07 billion Cyprus pounds.

    The exchange rate of the Cyprus Pound against Euro is around 0.5835 and against the US dollar is approximately 0.4075.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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