The preliminary fiscal results for January–April 2026 indicate a surplus of €593.4 million (1.5% of GDP), slightly below the €614 million (1.7% of GDP) recorded in the same period in 2025, according to CYSTAT.
The preliminary general government fiscal results for January–April 2026, prepared by the Statistical Service of Cyprus (CYSTAT), indicate a surplus of €593.4 million, which is 1.5% of Gross Domestic Product (GDP). This compares to a surplus of €614.0 million (1.7% of GDP) in the same period of 2025.
During this period, total revenue increased by €194.4 million (+4.0%) to €4,995.1 million, compared to €4,800.7 million in 2025. Revenue from taxes on income and wealth rose by €121.0 million (+10.3%) to €1,291.5 million. Social contributions increased by €128.9 million (+8.3%) to €1,687.2 million. Taxes on production and imports increased by €42.5 million (+2.9%) to €1,533.4 million, with net VAT revenue increasing by €53.5 million (+5.4%) to €1,047.2 million.
Capital transfers increased by €8.6 million to €16.4 million. Revenue from property income decreased by €23.6 million (-27.8%) to €61.2 million. Revenue from the sale of goods and services decreased by €43.6 million (-12.0%) to €318.4 million. Current transfers decreased by €39.4 million (-31.2%) to €87.0 million.
Total expenditure increased by €215.0 million (+5.1%) to €4,401.7 million. Intermediate consumption rose by €20.9 million (+5.1%) to €431.2 million. Compensation of employees increased by €24.5 million (+1.9%) to €1,294.5 million. Social benefits increased by €109.6 million (+6.4%) to €1,823.5 million. Interest payable rose by €28.6 million (+19.2%) to €177.3 million. Current transfers increased by €39.8 million (+13.6%) to €331.7 million.
The capital account decreased slightly by €2.8 million (-0.9%) to €320.0 million. Gross capital formation decreased by €8.9 million (-3.5%) to €244.3 million. Other capital expenditure increased by €6.1 million (+8.8%) to €75.7 million. Subsidies decreased by €5.6 million (-19.2%) to €23.5 million.
It is noted that estimates for some entities, specifically the Local Government Subsector, are based on data produced by the Statistical Service due to non-submission of sufficient data by the authorities.
The net lending of the general government for Jan–Apr 2026 was €593.4 million, representing 1.5% of GDP, compared to €614.0 million (1.7% of GDP) in the same period of 2025.
Data sources include the Financial Information Management Automation System (FIMAS), municipal and semi-government budget executions, and other official sources. For more information, visit the CYSTAT portal or contact Ms. Panayiota Michael at 22602186 or pmichael@cystat.mof.gov.cy.
