State financial support for OKYPY, aimed at making public hospitals self-sufficient, will end at the end of the year, with the Minister of Health stating in Parliament that there are no plans for a further extension. During the debate on the Ministry of Health’s 2027 budget, Neophytos Charalambides assured that the OKYPY is not at risk of bankruptcy, pointing to its financial reserves, which amount to approximately €300 million.
“There is clearly a sufficient reserve, and the goal is to utilize that reserve and avoid deficits, but all necessary measures must be taken all necessary measures must be taken so that the organization has a balanced budget.”
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A study by PwC is also expected soon, which will outline the additional measures required for the organization’s financial sustainability, while a joint task force has already been established to analyze the data and identify the necessary actions. The goal is to increase revenue and reduce expenses.
“Once this report is completed, we will have a clearer picture of the steps that need to be taken by OKYPY.”
The Ministry of Health’s budget for 2027 amounts to over four billion, an increase of €47.5 million compared to 2026.
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“With a particular emphasis on the operation of new key institutions such as the National Cancer Institute, the National Center for Clinical Evidence, and the National Ambulance Service. At the same time, this is a budget that invests in people and in prevention.”
It allocates 32 million for medications and vaccines, 10 million euros for the transfer of patients and their companions abroad, and seven million for the enhanced infertility program, which will soon be approved by the Cabinet.
“The current four subsidy payments will become five, and the amounts, which are currently reduced with each subsequent payment, will remain the same at 4,500 euros.”
The budget includes expenditures totaling 2.72 million euros for population-based screening programs.
