The government is expected to submit a new supplementary budget to the Parliament between June 15 and 20, a Finance Ministry spokesman said at a meeting of the Parliamentary Committee on Financial and Budgetary Affairs, on Monday, which continued discussing a supplementary budget of 102 million euros, or 0.4 percent of GDP, due to measures taken for the COVID-19 pandemic and the war in Ukraine.
Of the 102 million euros, according to the draft supplementary budget submitted by the Ministry of Finance, that requested the budget to be adopted before 15 June, 71.5 million euros are additional appropriations due to the continuation of the coronavirus pandemic and the extension of the implementation of a series of measures to deal with the pandemic, as well as appropriations of 31.5 million euros due to the situation created by the war.
Source: Cyprus News Agency