House Speaker Demetris Syllouris has raised eyebrows after claiming that MPs – who earn around €4,000 per month – are underpaid and in need of an increase.
According to Phileleftheros, his statement startled not only political party chiefs but also MPs themselves especially when considering the average monthly salary for people in Cyprus. Syllouris is now reportedly set to request that parliamentarians vote themselves a pay increase.
According to a study by TradingEconomics.com, the average wages in Cyprus decreased to €1,825 per month in the first quarter of 2017 from €2,147 per month in the fourth quarter of 2016.
That figure is a far cry from the €4,000 currently being pocketed by parliamentarians.
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Syllouris’ comments come amidst a study by the Finance Ministry to slim down the benefits being current earned by MPs.
According to 2017 figures from the Audit Office Of The Republic, the average MP in Cyprus was earning a total of €4.549 out of which around €4,000 is net.
MPs also pay contributions to their political party and medical expenses but are not subject to social insurance because they are seen as being self-employed.
The income of MPs, along with their stipends and benefits, sums up to be 4.3 times the per capita GDP of Cyprus, making them the 15th best paid in the EU.