#budget

The rate of implementation of the state budget for 2024 slipped slightly compared to 2023, the state treasury said on Tuesday. For the period January to September 2024, only 68 per cent of projected ...

Significant external and internal risks to the economy were highlighted by Finance Minister Makis Keravnos on Monday during the presentation of the 2025 state budget at the House finance committee. Despite ...

Cabinet on Friday approved the state budget for 2025 and the government’s medium-term fiscal framework for the three years between 2025 and 2027. Speaking after the day’s cabinet meeting, Finance Minister ...

The Cabinet will hold an extraordinary session on Friday afternoon to discuss the state budget for 2025 in addition to a fiscal framework for 2025-28. The budget for next year, Finance ...

The 2025 state budget will be in surplus, President Nikos Christodoulides said on Monday. After a Council of Ministers meeting held at the Presidential Palace, Christodoulides held an extraordinary session during ...

The House of Representatives on Thursday greenlit the budget for the Cyprus University of Technology (Tepak) even as MPs hammered the institution over lack of transparency and its track record ...

The House plenum on Thursday passed the budgets of four more public-law entities, including the Natural Gas Public Company (Defa) and the Cyprus Broadcasting Corporation (CyBC). The two other public ...

The House plenum on Thursday gave the nod to the 2024 budget of the Cyprus Telecommunications Authority (Cyta), but not before MPs tussled about the direction and the past of the ...

The Kissonerga coastal path has been completed and cost a mere fraction of the budget, the village’s council said on Friday. Mukhtar Giorgos Stylianou explained that while the village ...

By Andreas Charalambous and Omiros Pissarides Cyprus’ performance in public finances is considered satisfactory, as reflected, among others, in the favourable evaluations of international organizations and rating agencies. As a ...

The auditor-general will report the Cyprus Broadcasting Corporation (CyBC) to the anti-corruption authority on suspicion of “abuse of power”, it emerged on Thursday. The intention to report the CyBC came ...

House interior committee chairman Aristos Damianou on Thursday called for a restructuring of the rules regarding semi-government organisations’ budgets. Specifically, he called for an end to the rule of “provisional ...

The University of Cyprus’ (UCy) financial management needs to be rationalised and modernised, the House education committee said on Wednesday, while examining the university’s budget. Although the budget submitted ...

The House plenum on Thursday gave the nod to the 2024 budgets of six semi-governmental organisations, but ‘crossed’ those funds related to procuring services from the private sector. ‘Crossing’ a spending ...

After a rather low-key, three-day debate that received minimal media coverage and barely registered among the public, the state budget for 2024 was approved by a comfortable majority on Wednesday. With ...

In the end, the government admitted it was a mistake for the members of the council of ministers not to attend the opening day of the debate on the state ...

A three-day debate for the state budget and the medium-term fiscal framework 2024-2026 will begin on Monday during a House plenary session. The debate will start with a brief overview ...

The government will commission a study on how to streamline the state payroll to reflect international and European standards, Finance Minister Makis Keravnos said on Friday, as he discussed the ...

A fourteen-fold increase in civil service positions from what was initially projected has been provided for in the 2024 state budget, the bulk of which are teachers, it emerged on Friday. ...

During a House finance committee meeting on Monday, Deputy Tourism Minister Costas Koumis revealed projections of record-breaking revenue close to €3 billion from tourism in 2023, while presenting the deputy ministry’s ...

The attorney-general on Tuesday suggested the public should manage their expectations regarding new prosecutions in relation to the ‘golden passports’ affair, where to date just one case has been brought ...

The annual budgets for the ‘prime minister’s’ office and public broadcaster BRT passed through the committee stage of the north’s ‘parliament’ on Friday evening. The pair of committee ...

Ersin Tatar’s office is set to be given a 318 million TL (€10.3m) budget for 2024, as part of the north’s ‘state’ budget begin to be discussed in ‘parliament’. The ...

The north’s ‘state’ budget for 2024 will be set at just over 78.7 billion TL (€2.6bn), ‘finance minister’ Ozdemir Berova said on Tuesday. Berova was speaking to public broadcaster BRT, and ...