Public debt: $75 billion!. Just 37 percent of debt is in foreign currencies

Gross public debt reached $74.9 billion at end of 2016, a 6.4 percent increase on the previous year. It had grown 5.7 percent in 2015.

Net public debt reached $65.4 billion recording 6.2 percent increase compared to 2015.

Damianos Kattar, Former Minister of Finance, said: "The absence of a public budget has contributed to excesses in expenditures."

The primary surplus (Revenues minus expenditures excluding debt servicing) was $1.2 billion, well below the $4.4 billion needed ...

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