Cyprus treasury targets sound fiscal management in new three-year strategy

by Digital Hub Cyprus

Source: cyprus-mail.com

The Treasury on Monday announced its strategic plan for the period 2027–2029, outlining its priorities and operational framework for the coming years.

According to the announcement, the strategic planning framework defines the organisation’s strategic objectives and key pillars of activity, setting the direction for its work over the next three years.

The strategic plan represents a comprehensive framework of actions and operations aimed at ensuring sound fiscal management and modernising state systems.

It also seeks to strengthen transparency while delivering high-quality services to the public sector, citizens, and businesses.

“The objective of the Treasury of the Republic is to promote sound management of public resources and reliable accounting operations,” the announcement stated.

“Core activities include the provision of accounting and financial management services to the public sector, ensuring an effective and transparent framework for managing public contracts, and safeguarding the financial interests of the European Union,” it added.

Within this framework, particular emphasis is placed on digital transformation, alongside improving the efficiency of public resource management and aligning practices with European best standards and norms.

Finally, the Treasury explained that the implementation of the strategic plan will be carried out through specific actions and measurable targets, which will be systematically monitored to ensure continuous improvement and the achievement of intended outcomes.

You may also like