The Cyprus Fiscal Council's Spring report includes an overview of the latest public debt projections and main fiscal risks. It includes a recommendation to implement reforms as the only possible way forward.
The Cyprus Fiscal Council reiterates the need to preserve the ability of the government to cover its debt obligations in the foreseeable future, given the increased level of debt. Cyprus, given its very high level of public and private debts hould focus on controlling public expenditure and create conditions of high growth rates. The latter can only be achieved through structural reforms that are listed in detail in the Council’s full Spring Report and also in other relevant reports prepared by international institutions including the European Commission and the IMF.
The entire presentation can be read here