Cyprus agriculture ministry proposes 580 million euro budget for 2027

The Cypriot Ministry of Agriculture, Rural Development and Environment has presented its proposed budget for 2027, totaling 580 million euros. This figure includes 532 million euros in primary ministry funding—representing a 4% increase over 2026—and an additional 48 million euros allocated for co-financed projects under the 'THALIA 2021-2027' program. The proposed budget includes 433.7 million euros for regular expenses and 98.3 million euros for development projects.

A central focus of the new fiscal plan is water management, with 168 million euros earmarked for water procurement, marking an 18% increase compared to previous levels. This surge is largely attributed to prolonged drought conditions necessitating the reliance on desalination plants in Limassol, Larnaca, Dhekelia, and Paphos, as well as the deployment of four mobile units in areas such as Moni and Kissonerga. The strategy aims to decouple national water security from seasonal rainfall.

Revenue projections for the ministry are set at 275.8 million euros, primarily derived from greenhouse gas emission rights auctions and water sales. The budget proposal, aligned with President Nikos Christodoulides' governance program, is currently under review by the parliamentary Committee on Finance.