Executive summaryThe Cypriot Council of Ministers approved the Draft Budgetary Plan (DBP) 2021 on 22 October 2020. The DBP will now be laid before the Cyprus House of Representatives. The DBP contains an analysis of the Cypriot economy and forecasts which are based on the latest available results of 2020 (i.e., the cut-off date for the macroeconomic and fiscal forecasts was 29 September 2020), as well as the Budget Bill for 2021 that was submitted to the House of Representatives on 9 October 2020.Detailed discussionCurrent and anticipated Cyprus tax revenuesAccording to the DBP, Cyprus’s revenue from taxes on production and imports is expected to...