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No funds granted for key government departments in 2016

30 November 2015

No funding has been granted by the Ministry of Finance in the 2016 budget for departments managing the ports, water authorities, telecommunications and electricity, Turkish Cypriot daily ‘Halkin Sesi’ reports.

According to the paper, these organisations had made no reforms as was envisaged in the economic protocol signed between Turkey and the TRNC in 2015.

The economic programme signed by Turkey and the TRNC lay the ground for the privatisation of these sectors. However, the projects prepared by the ministries concerning some departments, which anticipated the implementation of the build-operate-transfer model, had not been accepted by Turkey’s Aid Committee.

The paper adds that because no funds are in place for some departments, those departments and their staff, are at risk.

Halkin Sesi

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