The preliminary fiscal results for the first quarter of 2026 show a surplus of €567.1 million, compared to €600.6 million in the same period of 2025, with detailed revenue and expenditure data provided by CYSTAT.
The preliminary general government fiscal results for the first quarter of 2026, prepared by the Statistical Service of Cyprus (CYSTAT), indicate a surplus of €567.1 million. This compares to a surplus of €600.6 million recorded during the same period in 2025.
During January–March 2026, total revenue increased by €207.7 million (+5.8%) to €3,819.6 million, from €3,611.9 million in the first quarter of 2025. Revenue from social contributions rose by €96.6 million (+8.2%) to €1,275.2 million, and taxes on income and wealth increased by €107.8 million (+10.9%) to €1,093.7 million. Taxes on production and imports increased by €36.9 million (+3.4%) to €1,129.8 million, with net VAT revenue increasing by €40.1 million (+5.5%) to €764.3 million.
Other revenue components such as property income receivable and current transfers decreased compared to the previous year. Total expenditure increased by €241.2 million (+8.0%) to €3,252.5 million, from €3,011.3 million in the first quarter of 2025. Expenditure on social transfers rose by €82.5 million (+6.5%) to €1,361.4 million, and compensation of employees increased by €23.1 million (+2.4%) to €974.9 million.
Capital account increased by €48.3 million (+21.6%) to €271.8 million. Total capital expenditure rose to €171.8 million, with gross capital formation at €188.9 million. The net lending for the period was €567.1 million, representing 1.5% of GDP.
For more details, visit the CYSTAT portal or contact Mr. Michalis Pantziaras at 22 605127 or via email at MPantziaras@cystat.mof.gov.cy.
