The preliminary fiscal results for the general government sector in Cyprus for January–March 2026 indicate a surplus of €573.3 million, down from €600.6 million in the same period of 2025.
The preliminary fiscal results of the Cyprus Statistical Service (CYSTAT) for the general government sector show a surplus of €573.3 million (1.5% of GDP) for January–March 2026. This compares to a surplus of €600.6 million (1.6% of GDP) in the same period of 2025.
During this period, total revenue increased by €194.0 million (+5.4%) to €3,805.9 million, compared to €3,611.9 million in 2025. Revenue from taxes on income and wealth rose by €107.8 million (+10.9%) to €1,093.7 million. Social contributions increased by €86.0 million (+7.3%) to €1,264.6 million. Taxes on production and imports increased by €31.5 million (+2.9%) to €1,124.4 million, with net VAT revenue increasing by €34.6 million (+4.8%) to €758.8 million.
Capital transfers increased slightly by €0.6 million (+13.6%) to €5.0 million. Property income decreased by €3.3 million (-17.5%) to €15.6 million. Revenue from the sale of goods and services decreased by €19.0 million (-7.2%) to €243.8 million. Current transfers decreased by €9.6 million (-14.0%) to €58.8 million.
Total expenditure increased by €221.3 million (+7.3%) to €3,232.6 million. Intermediate consumption rose by €25.6 million (+9.2%) to €303.7 million. Compensation of employees increased by €23.0 million (+2.4%) to €974.8 million. Social benefits increased by €82.3 million (+6.4%) to €1,361.2 million. Interest payable rose by €29.9 million (+41.1%) to €102.7 million. Current transfers increased by €58.8 million (+31.6%) to €245.0 million.
The capital account increased by €5.6 million (+2.5%) to €229.1 million. Gross capital formation increased by €7.4 million (+4.4%) to €176.6 million. Other capital expenditure decreased by €1.8 million (-3.3%) to €52.5 million. Subsidies decreased by €3.9 million (-19.5%) to €16.1 million.
The net lending/borrowing for the period was a surplus of €573.3 million, representing 1.5% of GDP. The subsector analysis shows the central government with a surplus of €258.6 million, local government with a deficit of €12.2 million, and social security funds with a surplus of €326.9 million.
Note: Data for some entities within the local government subsector are estimates due to incomplete submissions by authorities.
For more detailed information, visit the CYSTAT portal at https://www.cystat.gov.cy/en/economy-and-finance/fiscal-accounts-of-general-government-jan-mar-2026/.
