Dialogos

Loukaidis: AKEL Remains on Proposal to Abolish Fund, Finance Ministry Preparing Bill

Published February 18, 2026, 14:00
Loukaidis: AKEL Remains on Proposal to Abolish Fund, Finance Ministry Preparing Bill

The Parliamentary Committee on Institutions has completed the discussion of the bill regarding the abolition of the Independent Social Support Fund and the transfer of its responsibilities to the Cyprus Scholarship Foundation (ΙΚΥΚ). AKEL insists on its original proposal, while the Ministry of Finance is preparing two bills to abolish the Fund and transfer its responsibilities to the Ministry. AKEL spokesperson Giorgos Loukaidis expressed satisfaction with the confirmation of AKEL's position, but stressed the need for the ΙΚΥΚ to be endowed with sufficient resources to continue supporting students. Furthermore, Mr. Loukaidis accused the Government of refusing to hand over information about donations to the Fund, arguing that this undermines transparency and parliamentary oversight.