Ambitious Cyprus tourism plans for 2024

At 65.2 million euros, the proposed budget of the Cypriot Deputy Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures.

The Deputy Ministry was established in 2019 and its initial budget was €47.8 million, with additional expenditure of €4.3 million. In 2020, expenditure amounted to €52.8 million, with additional spending of €4.2 million. In 2021 (budget €47 million), additional expenditure was around €16 million. In 2022 (budget €53.5 million), additional spending was around €16.6 million, while in 2023 (budget €53.5 million), it was €38.79 million, including €16.4 million in promotion expenditure.

During the presentation of the 2024 budget to the Finance Committee of the House of Representatives, Deputy Minister of Tourism Kostas Koumis stated that 50% of the available appropriations are for...