Cyprus welfare budget for 2027 finalized

The Deputy Ministry of Social Welfare in Cyprus has finalized its budget for 2027, allocating €364.6 million for social benefits and assistance. This figure represents a reduction compared to the 2026 budget, which totaled €446.7 million. Despite the overall decrease in funding, the government has announced structural changes aimed at expanding the range of eligible beneficiaries, particularly for families with children and elderly citizens.

The updated policy framework seeks to prioritize support for vulnerable groups, including low-income pensioners and families with young children. Key adjustments include an expansion of the child allowance beneficiary pool and increased subsidy levels for the elderly. These measures are designed to maintain essential social safety nets while optimizing state expenditures for the upcoming fiscal year.

The proposed budget is scheduled for review by the Parliamentary Committee on Finance this coming Monday. The legislative discussion will determine the final implementation roadmap for these welfare programs, reflecting the government's strategic focus on poverty alleviation and family support in the face of ongoing economic adjustments.