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Wednesday, April 17, 2024

The General Accounting Office published the generous donations and sponsorships

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Δημοσιοποη&sigma ;ε τις κατΕ χΕριν δωρΕες και χορηγ ες το Γενικo Λογιστorριο

The General Accounting Office of the Republic, guided by the equal treatment of citizens and applying the provisions of the Law on Accounting and Financial Management and Financial Control of the Republic (L.38(I)/2014), publishes the State's sponsorships and donations for the year 2023, as they are included in the relevant articles of the State Budget.

Grants and in-kind donations

Sponsorships are state benefits, which are disbursed from the Budget to finance the actions of legal and/or natural persons aimed

(a) in promoting the achievement of a specific goal or business activity and/or

(b) in the financial support of legal and/or natural persons regarding their operational expenses.

In-kind donations are the sums of money granted by the Budget as contributions to legal and/or natural persons to cover specific needs.

Transparency and accountability in the financial transactions of the State, principles that govern the regulatory framework of public financial management, allow the citizen to make government services more accountable.

< p data-block-key="b1f5b">The disclosure specifically concerns relevant payments in excess of five thousand euros, which were paid to natural and/or legal persons in the year 2023 per article of expenditure for each Ministry/Deputy Ministry/Department/Service of Government.

The above information is posted under the Sectors section, subsection Accounting Services and the option Disclosure of Data/Disclosure of Sponsorships and In-Charge Donations, or alternatively in this link.

It is clarified that the amounts presented in these statements do not include payments related to security or public expenditure interest, with sensitive personal data.

Source: reporter.com.cy

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