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Cyprus

Georgiades still plans to resign by the end of the year

Harris Georgiades

Finance Minister Harris Georgiades said on Tuesday he still planned to leave his post by the end of the year at a time decided by the president.

Asked after the cabinet meeting whether he would remain as minister until the 2020 budget was passed, Georgiades said: “I have decided to complete my cycle before the end of this year at a precise time when the President of the Republic decides.”

At Tuesday’s meeting, he said, the cabinet had approved a supplementary budget for 2019 which provides for additional expenditure of €332m, for intra-governmental operations that do not affect the budget balance, he said. It also includes significant additional health spending over €100m, Georgiades said.

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