Cyprus has sent parliament a 2027 budget with EUR 14.4bn of total spending (EUR 11.1bn excluding debt service), projecting a surplus and public debt falling to about 45% of GDP. Defence spending rises sharply, and the president has asked for local projects to draw on the next EU long-term budget (2028-2034).
Gobierno · líder
President Nikos Christodoulides (head of state and government) · Finance Minister Makis Keravnos
Agenda nacional
- Keep fiscal surpluses and cut public debt (45.2% of GDP forecast for end-2027)
- Stronger defence: EUR 430m in 2027 within a EUR 1.28bn 2027-2029 programme
- Investment in health (GESY), social welfare and education
- Road and infrastructure upgrades (e.g. Paphos-Polis road)
- Identify about EUR 3.5bn of projects linked to the 2028-2034 EU budget
Programas de gobierno
2027 State BudgetEUR 14.4bn
EUR 14.4bn total spending, EUR 1.165bn development spending; committee review then December plenary vote
Defence investment programmeEUR 1.28bn (2027-2029)
Defence spending rises from EUR 176.8m in 2026 to EUR 430m in 2027
New Cyprus MuseumEUR 27.9m (2027)
Construction funding included in the 2027 budget
Paphos-Polis Chrysochous roadEUR 18m (2027)
Funding for the western trunk road works
Local authority project call (EU 2028-2034 funds)EUR 3.5bn (EU and national funds combined, provisional)
Local authorities prepare proposals over ten months; cabinet selects projects in September 2027
Oportunidades de negocio
EU-fund project planning and proposal consulting for local authorities
The president has asked for local project proposals, with selection due in September 2027.
Cypriot municipalities and district administrations
AI automation for public administration (case and document processing)
It matches the fiscal stance of trimming posts and controlling payroll.
Ministry of Finance, ministry administrations
Marine and water data analytics services
The fisheries department has tendered a marine survey and water-related spending is rising.
Department of Fisheries and Marine Research, Water Development Department
Licitaciones
- Hydrographic and oceanographic investigation services (HYDROCEAN-Cy, Tender 26/2026) · Department of Fisheries and Marine Research · Cierre 2026-12-04
- Supply and installation of portable X-ray systems for hospitals (A.O. 56/26) · State Health Services Organisation (OKYpY) · Cierre 2026-11-27
- Two rigid inflatable patrol boats (Tender 17/2026) · Department of Fisheries and Marine Research · Cierre 2026-11-30
- Extension of reception and control building, Prison Department (Tender 51/2026) · Public Works Department · Cierre 2026-11-17
Apoyos coreanos
- KOTRA overseas market news (Cyprus/EU) · KOTRA — Provides EU market regulation and procurement information.
- Export Voucher Program · MOTIE · MSS — Vouchers cover EU certification, legal and localisation costs.
Avisos oficiales
Cyprus News Agency / Ministry of Finance
- 2026-09-16 Cabinet approved the 2027 budget and the 2027-2029 medium-term fiscal framework
- 2026-09-24 2027 budget submitted to the House
- 2026-10-12 House Finance Committee began ministry-by-ministry review (to 16 November)
- 2026-10-18 President asked local authorities to propose projects for EU and national funding
Desastres · conflicto · epidemias
Estable 2026-10-30
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