President to present budget for ‘Cyprus-Tomorrow’ plan

President Nicos Anastasiades is set to present the expected economic and social transformation of the country within the €4.4 billion Cyprus Tomorrow plan at the presidential palace on Tuesday at 7pm.

During the event, which will be attended by representatives of relevant institutions and organisations, Anastasiades will present the important reforms, social policies and development projects implemented or planned within the framework of the plan in the sector of welfare state and inclusive society.

According to a statement released by the director of the President’s press office Andreas Iosif, Anastasiades will also present additional details regarding the implementation of the minimum guaranteed Income, the benefits policy, the support to low-income pensioners and vulnerable groups of the population, as well as persons with disabilities, the provision of assistance to children, women and families, and the broader housing policy.

The Cyprus Tomorrow’s budget of €4.4 billion, excluding the expenditure of the annual budgets, covers the period 2021-2026. According to the government statement, “it is a comprehensive economic and social transformation of the country to keep pace with the requirements of the modern era, in an environmental and digital adaptation and development.

“The entire economy and society will benefit, since, in addition to a projected seven per cent increase in gross domestic product, the implementation of the plan’s funds is expected to create over 11,000 new, well-paid jobs,” the government added.