AKEL’s Central Committee unanimously decided to reject the 2026 state budget submitted by the Christodoulides government.
The party acknowledges improvements in certain macroeconomic indicators. However, it argues the budget follows a managerial approach that boosts figures without raising living standards for large sections of society.
Core criticisms
AKEL’s assessment highlights an economy that grows without benefiting the many. Key points include:
- Rising inequalities
- Stagnant real wages
- Unresolved cost-of-living crisis
The budget fails to address critical issues such as:
- Inflation and energy poverty
- Unaffordable housing
- Strengthening household purchasing power
Broader structural failures
The party criticises continued shortcomings in:
- Energy insecurity
- Delays in major infrastructure projects
- Lack of environmental reforms
- Slow digital transition
- Socially unjust green transition
- Dangerous market concentration in banking, energy, and health sectors
AKEL pledges to keep fighting for real improvements in workers’ living standards and fairer wealth distribution. It insists on reorienting national priorities so the economy serves people and the environment.
Also read: Tax reform amendments set for Monday submission
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