Minister of Finance addresses the 63rd PASYDY Congress on public sector reform

On May 11, 2026, the Minister of Finance, Makis Keravnos, addressed the 63rd Congress of the public sector union PASYDY. The Minister outlined government plans to streamline the state payroll and curb its growth rate through targeted studies to ensure long-term fiscal stability. He emphasized that these measures are intended to protect current civil servant benefits from future risks. Keravnos also highlighted the necessity of increasing productivity and operational efficiency within the public sector amidst international geopolitical instability. He called for a reduction in bureaucracy, simplification of administrative procedures, and progress in digital transition to boost competitiveness. The Minister acknowledged PASYDY as a key social partner for modernizing the public service. Furthermore, he noted the significance of these reforms in preparation for the upcoming Cypriot Presidency of the Council of the European Union, while citing challenges such as wildfires and foot-and-mouth disease as pressing domestic concerns.