Public policy

Public urges amendment of coastal zone bill for beach preservation

The public consultation on the new draft law of the Ministry of Finance on the development and of seashores and beaches was completed on Thursday with the participation of hundreds of professional, sports and social organizations, municipalities, environmental organizations, movements and individual citizens.

Electronic consultation in Cyprus

Cyprus' Council of Ministers has approved the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after a cabinet meeting on Thursday.

He announced that cabinet approved the creation of the public consultation platform, as well as the regulatory framework that governs it.

America’s wars and the US debt crisis

In the year 2000, the US government debt was $3.5 trillion, equal to 35% of the country's gross domestic product (GDP). By 2022, the debt was $24 trillion, equal to 95% of GDP. The US debt is soaring, hence America's current debt crisis. Yet both Republicans and Democrats are missing the solution: stopping America's wars of choice and slashing military outlays.

US National Debt Skyrockets - Surpasses USD 30 Trillion for First Fime

America's national debt on Tuesday hit another sobering milestone surpassing USD 30 trillion for the first time.

Total public debt outstanding is now above USD 30 trillion, according to Treasury Department data, reported CNN.

The national debt has skyrocketed in recent decades, driven up in part by the 2008 financial crisis and then the pandemic.

In Albania, a Worrying Rise in Drug Gangs Hiring Minors

Under questioning, he admitted selling drugs for a dealer who paid him a fixed monthly wage of 10,000 leks, or roughly 82 euros. He refused to name the dealer.

The boy is one a growing number of minors used as distributors by organised drug gangs operating in densely-populated districts of Tirana, in exchange for a meagre wage.

Official Daianu: Financial crisis and pandemic push public debt up to 47pct of GDP in end-2020

The financial crisis and the pandemic have led to an increase in the public debt from about 15% of GDP in 2008 up to over 47% of GDP at the end of 2020, with a fiscal consolidation with an average annual deficit correction rate of approx. 1.5% of GDP to stabilize the debt at just over 50% of GDP by 2024, says the president of the Fiscal Council, Daniel Daianu.

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