[Cyprus Times] MP Sikas referred to the role of the Parliament in economic policy making

The 51st British Isles and Mediterranean Regional Conference (BIMR) of the Commonwealth Parliamentary Association has concluded in the Isle of Man, with the central theme of evaluating the ways in which parliamentary scrutiny is exercised. The conference was attended by MPs Nikos Sikas and Christos Orphanides.

According to a statement from the House of Representatives, Mr. Sikas, in the context of a discussion on the effective exercise of parliamentary control over economic issues, referred to the role of the House of Representatives in formulating and shaping the economic and fiscal policy of the state through the study, discussion and approval of the annual state budget.

In particular, he referred to the responsibilities and functioning of the Parliamentary Committees on Finance and Budget and Monitoring of Public Expenditure Development Plans and Control, which have a central role in the whole process.

Mr. Sikas also noted the important role of the House of Representatives in the adoption of legislation for the reform of local government, the judiciary and the public sector, in the context of the implementation of the National Recovery and Resilience Plan and the use of the resources available to Cyprus from the European Union's Recovery and Resilience Mechanism.

"The effective contribution of the House of Representatives in the formulation of economic policy is a prerequisite for the Cypriot economy to be able to cope with the new challenges that arise as a result of the unfavourable developments at international level", the MP stressed.

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