The budget of the Single Agency for the Out-of-Court Settlement of Financial Disputes will be submitted to the plenary session, as there was an agreement with the Ministry of Finance to submit a supplementary budget to cover possible individual expenses of the agency for the purchase of services from experts.
At the meeting of the Parliamentary Finance Committee on 28 February, the Financial Commissioner Paul Ioannou had expressed strong dissatisfaction with spending cuts in the Body's budget by the Ministry of Finance.
Speaking before the Commission, the Chairman of the Board of Directors of the Entity, Stelios Anastasiades referred to a meeting held with the Minister of Finance, where, as he said, the solution was found that in case additional funds are required by the Entity, a supplementary budget will be submitted.
In the previous examination of the issue, Mr. Ioannou said that the Ministry of Finance had made cuts in the funds related to the purchase of expert services and had requested the crossing of all funds in the budget except those for the salaries of the Body's employees.
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