Cyprus Times

Parliament Approves OAY Budget Amid Concerns

Published February 19, 2026, 17:07
Parliament Approves OAY Budget Amid Concerns

Parliament unanimously approved the budget of the Health Insurance Organization (OAY) for 2026, amounting to 2.1 billion euros. Despite the approval, MPs expressed concerns about the sustainability of the General Health System (GHS) and the quality of services provided. The budget is balanced, with revenues coming mainly from the GHS, state funding, and other sources. Expenditures mainly concern the GHS, operating expenses, and development expenses. MPs emphasized the need to strengthen the GHS, improve the quality of services, enhance access to innovative drugs, and better manage chronic diseases.