Filenews 13 July 2023
Appropriations amounting to €361 million approved through a second supplementary budget the Plenary of the Parliament.
The majority of the additional appropriations will cover the increase in ATA, the implementation of (EU) co-financed projects, the purchase of water from desalination, as well as some development projects.
Specifically, an amount of €228 million will be spent on the four aforementioned sectors.
Analytically:
– Additional appropriations of €60 million will be used to increase ATA to 66.7% of the index, as part of the implementation of the recently reached transitional agreement.
– Amount of €60 million to cover the costs of implementing co-financed projects.
– Funds of €59 million They will be available for the purchase of water, due to an increase in the cost of desalinated water, mainly due to the increase in the price of electricity.
– Appropriations of €56 million concern the government grant to the University of Cyprus for the implementation of development projects and to cover operating expenses.
– Funds €25.4 million will cover the purchase of the Metropolitan building, in which the Ministry of Labor will be housed, based on a purchase agreement, dated 14/12/2022.
– Amount €18.2 million will be used to cover the cost of the extension of the measure to subsidize electricity consumption, in the context of addressing inflationary pressures, which expires on 30/6. These funds will cover the subsidy from mid-May until the end of June.
– Amount €15.8 million concerns a state grant to the Cyprus University of Technology (CUT) for the implementation of the construction of student dormitories, while a budget of €15.6 million covers the cost of hosting displaced persons from Ukraine and unaccompanied minors, applicants for international protection.
Among other things, the supplementary budget includes funds of €8.3 million concerning contractual obligations of the integrated Waste Management Facilities units of Pentakomo and Koshi.
