TRNC Ministry of Finance Authorized to Borrow 6 Billion Turkish Liras
The Council of Ministers has granted the Ministry of Finance of the TRNC the authority to borrow 6 billion Turkish Liras in order to fulfill the state's financial obligations.
The decision has been officially published in the Official Gazette.
“The Council of Ministers has approved the Ministry of Finance’s request to borrow 6,000,000,000 Turkish Liras (six billion Turkish Liras) as part of the 2025 Budget Law, enabling the government to meet its financial commitments,” the document states.
© cyprus-faq.com: when copying this material in full or in part, a link to the source is required.
Only registered users can leave comments. To comment, log in to your account or create a new one →
You may also be interested in:
- Power outage in two settlements of Cyprus
- Those who use the property of Turkish Cypriots on the Greek Cypriot side will be arrested
- A new species of tick has been discovered in Turkey
- Turkey has become one of the most popular destinations for dental treatment among Russians
- "South Cyprus uses the property issue as a political weapon," said academic Emete Gözügüzelli.