PRESIDENT ANASTASIADES FAILS TO WIN BUDGET APPROVAL

 

Nicos Anastasiades has failed to garner the a yes from lawmakers for this new 2021 budget.

It is being speculated that the rejection was made in the background of the fallout over the flawed investment-based citizenship program.

While 24 lawmakers did approve the budget, a vote of disapproval by 29 others meant that the budget would have to be thrown out.

Notably, the development has not been all that surprising, given as the Disy party, i.e. Anastasiades’s ruling party does not currently hold a majority in the Cypriot parliament.