Cyprus continued its positive fiscal trajectory in the first four months of 2025, reporting a government budget surplus of \u20ac646.8 million, equal to 1.8% of GDP. This is based on preliminary figures released by the Statistical Service of Cyprus (CYSTAT). While slightly down from the \u20ac650.5 million (1.9% of GDP) recorded in the same period of 2024, the surplus underscores the country\u2019s ongoing financial resilience.<\/p>\n
Government revenues for January to April 2025 rose to \u20ac4.83 billion, marking a 5.3% increase year-on-year. Social contributions played a key role in this growth, surging by \u20ac135.7 million (9.4%) to reach \u20ac1.57 billion. Income and wealth taxes also performed strongly, climbing by \u20ac89.8 million (8.3%) to \u20ac1.17 billion.<\/p>\n
Additionally, income from property more than doubled, jumping from \u20ac31 million in 2024 to \u20ac84.7 million. Sales of goods and services also added momentum, growing by \u20ac71.7 million (24.1%) to \u20ac369.7 million.<\/p>\n
However, not all revenue streams followed this upward trend. VAT revenue dipped by \u20ac23.6 million, contributing to a slight drop in overall taxes on production and imports, which fell by \u20ac10.8 million (-0.7%). Current transfers were down \u20ac79.4 million (-38.9%), and capital transfers received dropped sharply by \u20ac17.7 million (-75.3%).<\/p>\n
On the expenditure side, the government spent \u20ac4.18 billion\u2014an increase of \u20ac246.6 million or 6.3% compared to early 2024. The largest contributors to this rise were social benefits, up \u20ac95.8 million (5.9%) to \u20ac1.72 billion, and employee compensation, which rose by \u20ac72 million (6.0%) to \u20ac1.27 billion.<\/p>\n
Investment activity also intensified, with capital expenditure reaching \u20ac310.7 million, a 30% increase from the previous year. This was largely driven by an 18.7% growth in gross capital formation.<\/p>\n
Some spending categories saw modest declines. Interest payments fell by \u20ac2.8 million (-1.8%) to \u20ac148.3 million. Intermediate consumption and subsidies were also trimmed by \u20ac5.4 million and \u20ac5.6 million, respectively.<\/p>\n
The \u20ac646.8 million surplus was composed of a \u20ac249 million surplus from the central government and \u20ac405.2 million from social security funds. These were partly offset by a \u20ac7.4 million deficit recorded by local government bodies. CYSTAT noted that due to limited data from some authorities, certain figures\u2014particularly for local government\u2014may be subject to revision.<\/p>\n
Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":" Cyprus continued its positive fiscal trajectory in the first four months of 2025, reporting a government budget surplus of \u20ac646.8 million, equal to 1.8% of GDP. This is based on preliminary figures released by the Statistical Service of Cyprus (CYSTAT). While slightly down from the \u20ac650.5 million (1.9% of GDP) recorded in the same period […]<\/p>","protected":false},"author":9,"featured_media":114358,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114357"}],"collection":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=114357"}],"version-history":[{"count":2,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114357\/revisions"}],"predecessor-version":[{"id":114360,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114357\/revisions\/114360"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/114358"}],"wp:attachment":[{"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=114357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=114357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=114357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}