The preliminary fiscal results for Cyprus’s general government show a surplus of €1,169.5 million (3.2% of GDP) for January–September 2025, compared to €1,344.3 million in the same period of 2024.
The Statistical Service of Cyprus (CYSTAT) has announced the preliminary fiscal results for the general government sector for January–September 2025. The sector recorded a surplus of €1,169.5 million, which is 3.2% of GDP, compared to a surplus of €1,344.3 million (3.9% of GDP) in the same period of 2024.
During this period, total revenue increased by €650.1 million (+6.2%) to €11,197.5 million from €10,547.3 million in 2024. Revenue from taxes on income and wealth rose by €182.2 million (+6.7%) to €2,892.9 million. Social contributions increased by €237.0 million (+7.3%) to €3,474.0 million. Property income grew by €56.2 million (+77.6%) to €128.6 million. Taxes on production and imports increased by €24.1 million (+0.7%) to €3,535.2 million, with net VAT revenue rising by €11.6 million (+0.5%) to €2,375.2 million. Revenue from the sale of goods and services increased by €115.9 million (+17.9%) to €765.0 million. Capital transfers increased by €45.8 million (+65.0%) to €116.3 million. Conversely, current transfers decreased by €11.1 million (-3.7%) to €285.5 million.
Total expenditure increased by €824.9 million (+9.0%) to €10,028.0 million from €9,203.1 million in 2024. Compensation of employees rose by €175.9 million (+6.5%) to €2,870.2 million. Social benefits increased by €274.1 million (+7.2%) to €4,082.2 million. Intermediate consumption increased by €74.3 million (+7.6%) to €1,046.4 million. The capital account grew by €371.3 million (+55.9%) to €1,036.0 million, with gross capital formation increasing by €164.2 million (+29.0%) to €731.3 million and other capital expenditure rising by €207.1 million to €304.7 million. Interest payable decreased slightly by €3.7 million (-1.1%) to €326.3 million. Current transfers decreased by €49.8 million (-8.2%) to €558.8 million, and subsidies decreased by €17.2 million (-13.7%) to €108.1 million.
It is noted that estimates for some entities within the local government subsector are provisional due to insufficient data submission by the authorities.
The net lending/borrowing for the period was €1,169.5 million, representing 3.2% of GDP, compared to €1,344.3 million (3.9% of GDP) in January–September 2024. The subsector analysis shows central government borrowing of €358.1 million, local government borrowing of €-36.3 million, and social security funds borrowing of €847.6 million.
For further details, visit the CYSTAT portal or contact Ms. Michael Panayiota at 22602186 or via email: pmichael@cystat.mof.gov.cy.
