#budget

Finance Minister Makis Keravnos on Thursday called on MPs to pass the 2026 state budget, describing it as “an investment in the future of our country”. In a speech at the ...

 British finance minister Rachel Reeves is likely to announce tens of billions of pounds of new tax increases on Wednesday in a budget that puts her credibility on the line ...

Cyprus is among 12 eurozone countries whose draft budgets for 2026 have been assessed by the European commission as compliant with EU fiscal rules. The commission’s evaluation, presented on Monday in ...

Actual expenditures and revenues so far this year have been lower than the average of the past decade, the state treasury said on Monday. In a briefing, the treasury provided ...

Law commissioner Sofia Cleopa Hadjikyriakou lamented that her office is understaffed and staffed with people from the wrong ministry as she appeared in front of the House finance committee, which ...

British Chancellor Rachel Reeves has no plans to raise income tax rates in this month’s budget due to improved fiscal forecasts, a source said, following a surge in borrowing ...

The interior minister on Monday revealed a set of ambitious goals for next year, including making housing affordable and slashing red tape. Constantinos Ioannou was speaking in parliament during a ...

Education Minister Athena Michaelidou said she expected parliament to follow democratic procedures so the bill reforming the teacher evaluation system can be sent to the plenum, where “we will all ...

Three months before the end of the year, just 59 per cent of the state revenue for 2025 had been collected, while expenditure stood at a mere 52 per cent, the general treasury ...

Currently, a controversial discussion is taking place concerning the EU budgetary framework for the period 2028-2034. This topic will certainly be a key priority in the coming months, which coincide ...

The 2026 state budget of € 10.7 billion and the and the Medium-Term Fiscal Framework (MTFF) 2026-2028 has been approved by the Council of Ministers and will be submitted to parliament on October 2, ...

UN cost savings plans for next year envisage far smaller cuts to senior staff than to lower ranks – including the special adviser for Cyprus – a draft budget document shows, a ...

Cyprus’ holding of the Council of the European Union’s presidency in the first half of next year will be “of crucial importance” for efforts to achieve unanimity among the ...

The House education committee examined the budgets of the University of Cyprus and the Open University of Cyprus on Wednesday, highlighting pressing financial and administrative challenges.Deputy chair of the ...

Deputy mayors of the newly amalgamated Polis Chrysochous municipality have raised the alarm over what they describe as ‘dysfunctional governance’, blaming the issues on an ill-planned local government reform. The ...

Politicians on Thursday bickered over the budget of the Cyprus Telecommunications Authority (Cyta) but still passed the €520 million balance sheet. The 2025 budget for state-run Cyta features expenditures of €522 million and ...

The house interior committee has given a 24-hour deadline for the full payment of outstanding compensation owed to a former employee of the Cyprus broadcasting corporation (CyBC). The issue was ...

The Cyprus News Agency (CNA) has submitted a budget request of €3,803,774 for 2025. Addressing the House interior committee, the chairman of CNA’s board of directors, Andreas Frangos, outlined plans to ...

The north’s ‘parliament’ on Friday night passed its ‘state’ budget for 2025, with 29 votes in favour and nine votes against. The budget foresees a total of 136.28 billion TL (€3.75bn) worth ...

The north’s ‘state’ budget for 2025 has been forecast at 136.28 billion TL (€3.75bn) worth of ‘government’ spending, as deliberations begin in the ‘parliamentary’ finance committee this week. The committee had ...

Identifying irregularities in tender bidding will be a primary focus for the audit office over the next few years, auditor-general Andreas Papaconstantinou said on Friday during a House finance committee ...

Opposition ‘MPs’ in the north “will not allow” Ziya Ozturkler, the man the ruling coalition declared as ‘parliament speaker’, to attend discussions over next year’s ‘state’ budget, ‘parliamentary’ finance ...

The Cyprus government’s budgets for 2025 to 2027 presented to the House of Representatives in October 2024 constitute business as usual with just a mechanical updating of the government finance estimates for 2024. ...

The education ministry’s proposed budget for 2025 amounts to €1.55 billion, reflecting a 6 per cent increase from 2024. Presenting the budget to the House finance committee on Friday, Education Minister Athena Michaelidou ...