DISY criticizes 2027 government budget for lack of development and rising inequality

On October 27, 2026, the Government Project Monitoring Council of the Democratic Rally (DISY) officially expressed strong criticism of the proposed 2027 state budget. DISY representatives, including Council Coordinator Michalis Ioannidis and Finance Portfolio Head Dr. Petros Lois, characterized the budget as ineffective, arguing that it fails to address structural economic problems or promote long-term reform.

Key issues raised by DISY include a projected decline in public investment, which is expected to fall from 3.4% of GDP in 2025 to 3.0% in 2027, while rigid expenditures continue to rise. The opposition also highlighted a lack of transparency and performance metrics, noting that out of 673 performance indicators in strategic ministry plans, only 62 possess numerical targets, and none are directly linked to specific budget allocations. Furthermore, citing Eurostat data, the party claimed that Cyprus's performance regarding social inequality has worsened, shifting from the 16th to the 5th worst position in the EU over the last two years.

DISY also expressed concern over the absence of a national investment plan following the expiration of the Recovery and Resilience Fund. The party is calling for a restructuring of the budget to better align funding with measurable results to mitigate rising inequality.