#budget

The House on Thursday gave the nod to the state budget for fiscal year 2023, in what was parliament’s final act of the year before going into mandatory recess ahead ...

The social welfare budget for 2023 amounts to €620.5 million, marking a €4.6 million increase from the previous year, deputy minister of social welfare Anastasia Anthousi said on Friday. Presenting the budget to ...

Justice Minister Stephie Dracou on Friday listed seven strategic goals as part of the presentation of her ministry’s 2023 budget to the House finance committee. The goals concern justice, prevention ...

Stakeholders will start the debate on the 2023 state budget at the house finance committee on Monday, with final decisions expected in early December. In a challenging international economic environment and ...

The foreign ministry used funds for the enlightenment of the Cyprus problem to finance a group formed to participate in a series of marathons for two years, an auditor-general’s ...

Parliament on Thursday passed the government’s second supplementary budget for fiscal year 2022, with the debate on the House floor devolving into a spat over a €43,000 allocation to a foundation ...

The House of Representatives on Thursday greenlit the state’s first supplementary budget for fiscal year 2022, amid criticism that the government keeps wasting taxpayer money on mass rapid tests for ...

The finance ministry has asked parliament to green-light an additional €102 million in government spending to deal with the continuing economic impact of the Covid situation and the fallout from the ...

Following a three-day debate, parliament on Friday evening approved the state budget for 2022 with 30 votes in favour and 25 against. The bill was voted by ruling Disy, Diko, Dipa, and independent ...

The government’s proposed 2022 state budget is set to pass at Friday’s voting session as Diko and Dipa are set to support ruling Disy. The three parties number enough ...

The government plans to go ahead with taxation reform after 20 years, including raising the corporation rate and introducing carbon tax and fossil fuels taxes to achieve the country’s environmental ...

The Renewable Energy Sources Fund will turn another deficit next year, and will again need to tap into its reserves to stay afloat. The fund’s budget for 2022 was discussed ...

The government said on Monday it will look into the possibility of price caps on essential goods, in a bid to deal with inflationary trends. Speaking in parliament during the ...

The House plenum on Thursday gave the nod to an extra €92 million in government spending until the end of the year, over and above the approved budget for fiscal 2021, the ...

The 2022 budget will mark the move to recovery, which will cover the ground lost in 2020, Finance Minister Constantinos Petrides said on Saturday as the government plans to end pandemic support ...

The budget of the national health scheme (Gesy) remained within initial estimates, counting €794.7m for the period of January to August despite the pandemic, an HIO official said on Saturday. ...

The coming months, and 2022 will be crucial for ensuring the sustainability of public finances, Finance Minister Constantinos Petrides has said. His ministry is currently working on the state budget but ...

Auditor general Odysseas Michaelides on Thursday once again sounded the alarm over deficits of the state health services organisation (Okypy), prompting House watchdog committee president Zacharias Koulias to warn of ...

The cabinet on Wednesday approved a supplementary budget worth around €148.5m to cover additional expenditure in various sectors. The extra spending concerns €20m for support schemes for workers and businesses ...

The US State Department has proposed raising its contribution to UN peacekeeping by some $472 million for 2022, which will include an additional $5.8m for Unficyp, reports said on Saturday. According to ...

Four in 10 people in Cyprus do not budget for their expenses, according to a survey by the Central Bank of Cyprus (CBC) which laid out the problem of low financial ...

The government on said Monday that opposition Diko offered nothing of substance and raised obstacles to policies designed to support people, as it fought back criticism over the handling of ...

Parliament on Thursday passed the 2021 budgets for two agencies that are key components of the national health scheme (Gesy), also giving the nod to the balance sheets of several semi-governmental ...

With 29 votes for and 26 against, the House on Thursday passed the revised state budget for 2021, unlocking hundreds in millions earmarked for coronavirus relief to businesses and households. The ballot went ...