Skip to main content

Cyprus: Economic Situation

Volume 486: debated on Tuesday 13 January 2009

To ask the Secretary of State for Foreign and Commonwealth Affairs what his assessment is of (a) the extent to which the Turkish Cypriot economy is subsidised by Turkey and (b) the extent to which the Turkish Republic of northern Cyprus depends on such subsidies; what his estimate is of the number and percentage of public sector workers in the north of Cyprus excluding serving military personnel; what assessment he has made of the sustainability of the economy of northern Cyprus; and if he will make a statement. (245174)

Estimates for the Turkish contribution to the 2009 Budget are 365,000,000 YTL (new Turkish lira) or 14 per cent. The estimated number of workers in the public sector is between 15,000-20,000. Approximately 39 per cent. of the budget is assigned to personnel costs. The economy is currently in recession.