The preliminary fiscal results for July–September 2025 show a surplus of €653.6 million, compared to €871 million in the same period of 2024, with detailed revenue and expenditure data provided.
The preliminary general government fiscal results for the third quarter of 2025, prepared by the Statistical Service of Cyprus (CYSTAT), indicate a surplus of €653.6 million. This compares to a surplus of €871.0 million recorded during the same period in 2024.
During July–September 2025, total revenue increased by €104.2 million (+2.6%) to €4,099.0 million, from €3,994.8 million in the same period of 2024. Revenue from social contributions rose by €62.5 million (+5.7%) to €1,151.2 million, and taxes on income and wealth increased by €10.9 million (+0.8%) to €1,299.3 million. Taxes on production and imports increased by €7.1 million (+0.6%) to €1,264.3 million, with net VAT revenue increasing by €40.2 million (+4.8%) to €886.4 million.
Revenue from property income receivable increased by €3.0 million (+13.5%) to €25.3 million, and capital transfers increased by €6.0 million to €10.8 million. Revenue from the sale of goods and services increased by €15.1 million (+6.1%) to €260.9 million. Conversely, other current transfers decreased by €0.4 million (-0.5%) to €87.2 million.
Total expenditure during this period increased by €321.5 million (+10.3%) to €3,445.3 million, from €3,123.8 million in the same quarter of 2024. Social transfers increased by €97.8 million (+7.9%) to €1,334.6 million, and compensation of employees increased by €50.5 million (+5.6%) to €955.6 million. Intermediate consumption rose by €4.5 million (+1.2%) to €382.0 million.
The capital account increased by €223.7 million (+84.2%) to €489.3 million, with capital formation at €321.0 million and capital transfers at €168.3 million. Property income payable decreased by €26.1 million (-25.7%) to €75.3 million, and other current expenditure decreased by €16.1 million (-8.6%) to €171.2 million. Subsidies decreased by €12.6 million (-25.3%) to €37.3 million.
The net lending of the general government for the third quarter of 2025 was €653.6 million, representing -1.7% of GDP, compared to €871.0 million (-2.5% of GDP) in the same period of 2024. The central government recorded a surplus of €415.5 million, while local government had a deficit of €8.7 million, and social security funds had a surplus of €246.8 million.
Data coverage and methodology follow the European System of Accounts 2010 (ESA 2010). Data sources include the Financial Information Management Automation System (FIMAS), municipal and semi-government budget execution reports. For more information, visit the CYSTAT portal or contact Ms. Michael Panayiota at 22602186 or via email at pmichael@cystat.mof.gov.cy.
