The preliminary fiscal results for January–October 2025 indicate a surplus of €1.119 billion, down from €1.321 billion in the same period of 2024, with total revenue of €12.333 billion and expenditure of €11.214 billion.
The preliminary general government fiscal results for January–October 2025, prepared by the Statistical Service of Cyprus (CYSTAT), show a surplus of €1.119 billion, representing 3.1% of GDP. This compares to a surplus of €1.321 billion (3.8% of GDP) during the same period in 2024.
Total revenue increased by €658.5 million (+5.6%) to €12.332 billion, from €11.674 billion in 2024. Revenue from taxes on income and wealth rose by €154.6 million (+5.3%) to €3.051 billion. Social contributions increased by €296.3 million (+8.2%) to €3.907 billion. Property income grew by €38.2 million (+40.1%) to €133.5 million. Taxes on production and imports increased slightly by €7.7 million (+0.2%) to €3.948 billion, with net VAT revenue decreasing by €24.8 million (-0.9%) to €2.648 billion. Revenue from the sale of goods and services increased by €137.4 million (+18.7%) to €871.3 million. Capital transfers received increased by €46.2 million (+64.9%) to €117.4 million.
Current transfers decreased by €21.9 million (-6.7%) to €304.6 million. Total expenditure increased by €860.4 million (+8.3%) to €11.214 billion, compared to €10.353 billion in 2024. Compensation of employees rose by €201.0 million (+6.7%) to €3.204 billion. Social benefits increased by €299.7 million (+7.1%) to €4.533 billion. Intermediate consumption increased by €72.5 million (+6.6%) to €1.177 billion.
The capital account increased by €307.8 million (+36.0%) to €1.164 billion, with gross capital formation rising by €89.9 million (+12.3%) to €822.3 million. Other capital expenditure increased by €217.9 million to €341.5 million. Interest payable increased slightly by €0.5 million (+0.1%) to €358.7 million. Current transfers decreased by €10.4 million (-1.6%) to €658.4 million, and subsidies decreased by €10.7 million (-8.3%) to €118.5 million.
It is noted that estimates for some entities, particularly local government, are based on partial data due to non-submission by authorities. The net lending/borrowing for January–October 2025 was €1.119 billion, representing 3.1% of GDP, compared to €1.321 billion (3.8% of GDP) in 2024.
Data sources include the Financial Information Management Automation System (FIMAS), municipal and semi-government budgets, and other official sources, with adjustments based on ESA 2010 methodology. For more information, visit the CYSTAT portal or contact Ms. Michael Panayiota at 22602186 or pmichael@cystat.mof.gov.cy.
