The government in Cyprus will give lower taxes on electricity. The ministers said yes to this. This plan will be for three more years. It was going to end sooner. Now, people get help for one more year.
Electricity is still very costly. Families need help. The lower tax was to help them. But prices did not fall much. The minister said prices are still high. So, the government keeps the lower tax.
This lower tax started as a short plan. It helped with big energy costs. Now, it helps many families. People can save money. Their money is more steady.
This costs the government money. It is about 40 million euros. This money pays for the lower tax. The government uses money to help people. Energy will be cheaper.
People will pay less tax on electricity. They will save money. Many families have higher costs for things. The government wants to help them. This shows they care.
This is a good plan. It helps people with high energy costs. The government thinks problems may stay. So, they will keep helping. This plan helps Cyprus. It also helps people's money.