Distribution of State Funding Amid Debts of New Municipalities
May 28, 2025
The Ministry of Interior is set to distribute the second tranche of state funding worth €117 million for the new municipalities, despite accumulated debts reaching €46 million. While some municipalities have no debts, others, such as Ayia Napa, have large outstanding amounts. The release of the funding will involve offsets for existing debts to government departments.