The preliminary fiscal results for the general government sector indicate a surplus of €420.3 million (1.1% of GDP) for January–June 2026, compared to €416.8 million in the same period in 2025.
The Statistical Service of Cyprus (CYSTAT) announced preliminary fiscal results for the general government sector for January–June 2026. The sector recorded a surplus of €420.3 million, which is 1.1% of Gross Domestic Product (GDP). This compares to a surplus of €416.8 million (1.1% of GDP) during the same period in 2025.
During this period, total revenue increased by €290.3 million (+4.1%) to €7,400.3 million from €7,110.0 million in 2025. Revenue from taxes on income and wealth rose by €101.0 million (+6.3%) to €1,694.6 million. Social contributions increased by €181.3 million (+7.7%) to €2,537.3 million. Taxes on production and imports increased by €207.9 million (+9.3%) to €2,453.1 million, with net VAT revenue increasing by €263.8 million (+18.0%) to €1,726.9 million.
Revenue from capital transfers decreased by €84.6 million to €23.0 million. Revenue from the sale of goods and services decreased by €23.4 million (-4.6%) to €481.8 million. Property income decreased by €29.3 million (-28.5%) to €73.6 million. Current transfers decreased by €62.6 million (-31.4%) to €136.9 million.
Total expenditure increased by €286.8 million (+4.3%) to €6,980.0 million. Intermediate consumption rose by €88.0 million (+13.4%) to €745.4 million. Compensation of employees increased by €64.9 million (+3.4%) to €1,979.5 million. Social benefits increased by €151.7 million (+5.5%) to €2,893.1 million. Interest payable increased by €12.4 million (+4.9%) to €263.4 million. Current transfers increased by €39.9 million (+9.1%) to €478.4 million.
The capital account decreased by €57.1 million (-9.0%) to €580.8 million. Gross capital formation increased by €8.9 million (+2.1%) to €434.0 million, while other capital expenditure decreased by €66.0 million (-31.0%) to €146.8 million. Subsidies decreased by €13.0 million (-24.8%) to €39.4 million.
The net lending/net borrowing for the period was €420.3 million, representing 1.1% of GDP. The subsector analysis shows a deficit of €218.6 million for the central government, a slight decrease in the local government deficit to €14.8 million, and a surplus of €653.7 million for social security funds.
Data coverage includes all subsectors based on ESA 2010, with data collected from various government systems. For more information, visit the CYSTAT portal or contact Mr. Michalis Pantziaras at 22605127 or via email MPantziaras@cystat.mof.gov.cy.
