Unspent Election Funding: A Lingering Issue for Cyprus’ State Budget
Unspent election funding in Cyprus has left political parties owing nearly €2 million from the 2018 presidential election and €576,000 from the 2021 parliamentary elections, sparking concerns over accountability and financial management. The audit service has proposed offsetting future party stipends to reclaim these funds, highlighting a pressing need for compliance with legal requirements in a country where financial oversight has become a glaring issue.