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Tuesday, April 23, 2024

Letymiotis: The course of the economy cannot be jeopardized at the altar of pre-election expediencies

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Λετυμπιoτη&sigma: Η &pi ;ορελα της οικονομλας δεν μπορελ να τεθεi υπo κiνδυνο στο βωμo των &pi ;ροεκλογικoν σκοπιμοτorτων

The stable course of our country's economy cannot and should not be put in jeopardy on the altar of pre-election expediencies of those who invest in inexpensive slogans and thoughtless allowances, the Government Spokesman, Konstantinos Letympiotis, says in a written statement.

< strong>Our country has been endangered in the recent past by ignorance and contemptdanger because some invested in the ephemeral, not caring about the consequences, because they were willfully blind instead of envisioning a developed and prosperous country.  At the same time when the IMF is warning about the consequences of horizontal measures, some -unfortunately- in Cyprus are consciously ignoring and indifferent. Fortunately, this time it is not the Government that says the crisis will pass us by.  Fully aware of the criticality of the decisions to be made we will continue to proceed responsibly, soberly and with a specific plan

Growth today in Cyprus is above most of our European partners while inflation is now approaching 2%. Fiscal performance continues to be strong, significantly reducing public debt. 

< p>As the IMF itself notes, strong fiscal policy remains key to macroeconomic stability. Based on strong revenue performance, primary surplus widens in 2023 to 4.4% of GDP. This, together with strong growth, reduced public debt to 77% of GDP. Among other factors, fiscal responsibility, falling debt, substantial cash buffers and recently demonstrated financial resilience have supported credit upgrades and improved market sentiment.

This is Cyprus. that we want, a model country with a healthy financial system, a strong real economy. We envision a Cyprus of development and prosperity, a modern country where the daily life of our citizens will constantly improve and which will lay solid foundations for the future. , to present policies and reforms that improve the daily life of citizens by addressing energy accuracy by providing incentives and tools for further penetration of RES, containment of inflationary trends, addressing housing and also policies that strengthen transparency and raise the name of our country internationally.

It makes a sad impression that political forces negate themselves or confirm in other cases their bad selves promoting populism and parochialism.  Society is in crisis.  The most important service to the country is responsible, prudent policy and honesty.

Source: www.philenews.com

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