Cyprus Mail
BusinessCyprusCyprus Business News

House gives nod to extra €92m in govt spending

plenum (file pic)

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 lion’s share of which concerns coronavirus-related expenditures.

The €91.7 million comprises the fourth supplementary budget submitted to parliament this year. The amount includes €5 million to special labour ministry schemes supporting jobs (relating to the month of August).

The largest item – €38 million – goes to the purchase of rapid tests, vaccines, remuneration for medical staff, and hospitality costs at the Eden rehabilitation resort for covid-positive individuals.

Another €11.5 million concerns tourism ministry subsidies for ‘staycations’ until the end of the year, and financial obligations of the state to tour operators.

Tacked onto the supplementary budget are €30 million for any ‘extraordinary expenses’ that may arise by year’s end – and relating exclusively to the management of the coronavirus pandemic.

But MPs passed an amendment tying up this €30 million, meaning the government will have to come to parliament and provide documentation before the credits are released.

Follow the Cyprus Mail on Google News

Related Posts

Festival season begins

Eleni Philippou

Police scuffled with protesters and arrested 10 (updated)

Nikolaos Prakas

‘Cyprus’ knowledge of Middle East important for EU’

Nikolaos Prakas

Ioannou to inform EU counterparts on need to increase migrant returns

Nikolaos Prakas

As Solana price drops, 2024 could be game-changing year for Bittensor’s biggest rival

CM Guest Columnist

18 yr old arrested in Nicosia knife fight

Nikolaos Prakas