Cyprus parliament proposes 36.9 million euro budget for 2027

The House of Representatives of Cyprus has presented its proposed budget for the 2027 fiscal year, amounting to 36.9 million euros. This figure represents 0.31% of the total state budget. The proposal is currently under review by the Parliamentary Committee on Finance, with deliberations beginning in November 2026.

Key allocations within the budget include 6.6 million euros for state funding of political parties, 6.9 million euros for parliamentary salaries and allowances, and 5 million euros designated for the salaries of 100 parliamentary assistants. One report specifies that total transfers, including support for parties, parliamentary staff, and youth organizations, reach 12.4 million euros, accounting for approximately 34% of the total budget. Another source highlights a specific funding figure of 11.8 million euros allocated for various party-related expenses, including regular state grants based on election results.

Additional initiatives included in the budget are technological upgrades, including the implementation of artificial intelligence tools and the digitization of the historical archives. The parliament also expects to finalize the installation of systems for live broadcasting of committee proceedings by the first quarter of 2027. State funding for political parties is scheduled for disbursement in early January 2027, strictly adhering to legal requirements based on voting percentages from the most recent general elections.