The government has introduced amendments to its fiscal plan, featuring a reduction of €34.5 million in credits related to retroactive contributions to the Occupational Retirement Benefits Scheme.
This adjustment is attributed to the General Accounting Office, which, following the completion of payroll software upgrades, has provided more precise forecasts regarding the amount of retroactive disbursement in the new Retirement Benefits Scheme.
The proposed changes also include expenditures for the continuation of a study on comprehensive tax reform by the Center for Economic Research at the University of Cyprus.
Additionally, funds are allocated for a study aimed at enhancing the implementation of sanctions/restrictive measures in the Republic of Cyprus.
Through this specific research initiative, an evaluation of financial and other risks will be conducted, and recommendations will be submitted to the Ministry of Finance for improving the reputation of the Republic of Cyprus.
