The state budget for 2003 has been prepared based on the ultimate goal to achieve a balance of the budget by 2005, Phileleptheros Cypriot daily reported last week. At the same time, the government has endeavoured to contain this year’s state expenditures to a level that is lower than GDP growth. The budget for 2003 is expected to be tabled before the cabinet’s approval on Thursday (September 19). In line with the practice of recent years, the Finance Ministry will not propose the approval of new...

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