Cyprus tourism ministry budget projected to fall by nearly €15 million in 2027
The Deputy Ministry of Tourism’s budget is projected to decline by almost 20 per cent as spending linked to Cyprus’ 2026 EU Council presidency ends.
Nicosia, Cyprus. Cyprus’ Deputy Ministry of Tourism is projected to see its budget fall by nearly €15 million in 2027, mainly as spending linked to the island’s 2026 presidency of the Council of the European Union comes to an end.
Projected budget reduction
According to the government’s Strategic Fiscal Policy Framework 2027–2029, expenditure for the deputy ministry is projected at €59.45 million, down from €74.24 million in 2026. The reduction amounts to around €14.8 million, or almost 20 per cent year on year.
A large part of the decline reflects lower operating expenditure associated with Cyprus’ EU Council presidency. Spending under other operating expenses is expected to fall to around €630,200, compared with €6.43 million in 2026, when additional funding was required for presidency-related needs.
Tourism promotion funding
Despite the overall reduction, tourism promotion remains one of the deputy ministry’s largest areas of expenditure. Funding for promotion campaigns is set at €26.9 million, slightly below the €27.7 million budgeted for 2026.
The allocation will cover cooperation with tourism partners abroad, including airlines, alongside advertising campaigns in priority markets identified in the deputy ministry’s operational plan.
It will also support campaigns through online travel agencies, digital platforms, outdoor advertising and print media, as well as the production of promotional material.
Further spending will support the promotion of Cyprus through the deputy ministry’s overseas offices, public relations activities and events aimed at the tourism industry and the wider public.
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