Cyprus Times

The Money of the European Parliament and the Holes in the System

Published January 26, 2026, 09:08
The Money of the European Parliament and the Holes in the System

The article examines the financial management of MEPs, focusing on the general allowance and potential flaws in the system. MEPs receive a salary linked to the remuneration of judges of the European Court of Justice, which is subject to taxes and contributions. In addition, they receive a general allowance of €4,950 per month for operating expenses, which, however, is not adequately controlled, creating suspicions of fraud. Despite strict rules for travel and attendance, the lack of mandatory publication of checks for the allowance creates opportunities for abuse. This means that while not all MEPs are offenders, the system provides opportunities for misuse. The article emphasizes the need for greater transparency and more effective controls. The article also analyzes travel expenses, which are covered based on actual cost, with specific limits for different categories of transport. There is additional compensation for other travel expenses, as well as a daily allowance for days of attendance at sessions. Transparency and accountability in these expenses are important for maintaining public trust. Overall, the article highlights the need to improve the system for managing MEPs' finances, with an emphasis on enhancing transparency, accountability, and controls to ensure the proper use of public funds.