The review of the 2025 state budget has been completed
During this time, the budgets of 11 Ministries and 6 Deputy Ministries, as well as 15 legal entities under public law, have been examined.
With the governor of the Central Bank, Christodoulos Patsalidis, the Parliamentary Finance Committee today completed the examination of the state budget for 2025, which began on October 21.
During this time, the budgets of 11 Ministries and 6 Deputy Ministries, as well as 15 legal entities under public law, have been examined, said the chair of the committee, DIKO Member of Parliament Christianna Erotokritou.
"As a Democratic Party, we express our satisfaction with the fact that the state budget has increased compared to last year, especially in terms of development spending and social policy, and is balanced and in surplus," he said.
He added that "we are also satisfied that at the same time, the public debt continues its downward course, enabling the state to borrow on better terms and therefore finance even more new and targeted measures to support the low and middle income strata of the society".
Ms. Erotokritou also stated that the good course of the economy is also reflected in its recent double upgrade to category A for the first time after 13 years, which he said is primarily due to the sacrifices of the Cypriot people.
"However, this upgrade and the good fiscal performance must be felt in the pocket of every household and every small and medium-sized business that suffers from punctuality", as he further emphasized
The chairman of the finance committee thanked the Ministry of Finance, the parliamentary parties, the members of the Commission and its secretariat, as well as the state agencies for the perfect cooperation, as she said during the discussion of the state budget.
Half of the semi-states did not submit budgets
At the same time, he criticized the semi-governmental organizations and the rest of the public bodies that, for the umpteenth time, as he pointed out, have not yet submitted their budgets for 2025.
"I consider it to be the least unacceptable, after many years of suggestions from the Parliament, to once again have a delay in submitting the budgets of semi-state organizations.
This perennial bad practice is not only disrespectful to the legislative power of the state, but also counterproductive, putting in effect the smooth operation and productivity of both the organizations themselves and the state, and by extension the economy", as underlined.
Answering questions from MPs, he said that around half of the public law organizations have not yet submitted their budgets to the Parliament for 2025.
Source: stockwatch.com.cy
Photo: stockwatch.com.cy
2 December 2024
