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Eurydice

EACEA National Policies Platform:Eurydice
Funding in education
Cyprus

Cyprus

2.Funding in education

Last update: 23 April 2026

Public education at all levels is mainly financed by the government, either directly or through allotments to local authorities or Local School Boards (Sholikes Efories). Private institutions mainly raise their funds through tuition fees. 

in the pre-primary, primary and secondary level of public education there is financing from the national budget and there is management of school assets and property by the respective Local School Boards. In addition, there is co-financing from the European Social Fund and the Recovery and Resilience Fund for the purchase of services, the purchase of equipment, as well as for the construction of new Technical Schools. Public universities may receive gifts, grants and funding from outside sources other than the national budget. Private institutions at all levels are not in any way restricted from receiving external funding.

Financial Statistics of Education
Public expenditure in all levels of education amounted to €1.599,2 million in 2023, accounting to 12,1% of the government budget and 4,9% of the gross domestic product.
The corresponding figures for the financial year 2022 amounted to €1.445,9 million, accounting to 12,9% of the government budget and 4,9% of the gross domestic product.
The cost per student for public education in 2023 measured, in terms of current public expenditure, €6.413 for pre-school and pre-primary, €8.975 for primary, €13.232 for secondary general, €15.692 for secondary vocational and €15.084 for tertiary education.
The corresponding current public expenditure per student for public education in 2022 was €5.770 for pre-school and pre-primary, €8.082 for primary, €12.026 for secondary general, €14.361 for secondary vocational and €13.591 for tertiary education.