The Ministry of Finance asks the Parliament to exempt a series of funds from their commitment (crossing), in order not to affect the operation of the state machinery and the execution of some contracts in the coming months due to the presidential elections.
The crossing of funds requires the notification and release of the parliamentary Finance Committee. However, due to the presidential elections, the House of Representatives will be closed until March, making it impossible to release such funds until the opening of the House.
A letter sent by the Ministry of Finance makes a recommendation to the Parliamentary Finance Committee that funds or obligations to be paid in the first three months of 2023, as well as services whose cost is equal to or less than €10,000, be excluded from commitments.
A list sent by the Ministry of Finance includes funds relating to the police, such as costs for the purchase of services from Frontex and amounts for shark insurance, the purchase of services and the cost of officers' participation in training activities.
Tomorrow, Monday, the committee will meet to approve the government's amendments to the budget, with a total expenditure of €55 million, of which €20 million are appropriations due to the passage of the law creating the new Professional Pension Benefit Plan for the public and wider public sector.
The committee members will then exchange views on the amendments tabled by the parliamentary parties, ahead of a three-day debate starting on Tuesday and culminating next Thursday with the passage of the state budget.
Source: CNA
Contents of this article including associated images are belongs Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times
Source
