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[Cyprus Times] Parliament passed the budget of the Equal Burden Sharing Body

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The Parliament passed the budget of the Equal Burden Sharing Body with 31 votes for and one against

With 31 votes for and one against the Parliament passed the budget of the Central Equal Burden Sharing Body (CFIB).

The budget is balanced and provides for expenditure of €111,901,390 and revenue of the same amount.

In particular, the budgeted expenditure includes, in addition to administrative costs, a provision of €46 million. for the granting of loans through the Pre-War Solvency Rehabilitation Plan, of which an amount of €40 million relates to loans for studies, an amount of €1.5 million relates to loans for health care and an amount of €4.5 million relates to loans for medical treatment. The provision of €22.7 million for interest rate subsidies and €2.6 million for bank charges and commissions are also included.

The income of the CFICB budget comes from a grant of €28 million, from interest income on loans issued under the Solvency Plan amounting to €4.5 million, from repayment of loans issued amounting to €33.5 million, and from domestic loan drawdowns of €46 million in connection with interest-free loans from the Republic's Permanent Fund for the Solvency Plan.

The President of the Refugee Committee Nikos Ketteros in an intervention in the plenary said that the Institution has contributed a lot to the refugee world but there are certainly issues that need to be improved and pointed out the fact that out of the 111 million spent by the Institution , the absorption only reaches 80%.

He said that there are certainly needs and the Institution should come up with programs and grants as promised before the Commission.



Linos Papagiannis of ELAM said that in many available projects some refugees cannot be beneficiaries and that the procedures should also be accelerated to facilitate the citizens.

Source: CNA


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