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Cyprus: General Government Surplus Decreased to 3.2% of GDP in Jan-Nov 2025

Published January 8, 2026, 13:19
Cyprus: General Government Surplus Decreased to 3.2% of GDP in Jan-Nov 2025

The surplus of the General Government for the period January-November 2025 amounted to €1,159.4 million or 3.2% of GDP, according to preliminary fiscal data from the Statistical Service of Cyprus. This amount is €154.9 million lower compared to the corresponding period of 2024, when it reached €1,314.3 million or 3.8% of GDP. The decrease is due to the faster increase in expenditure (7.8%) compared to revenue (5.8%). The increase in expenditure is mainly linked to the increase in the capital account, social benefits, and staff compensation. In contrast, the increase in revenue came from income tax and wealth tax, social contributions, revenue from the provision of services, and interest and dividends. However, net VAT revenue recorded a decrease. The capital account was particularly high, with investments in fixed capital increasing significantly. The Statistical Service clarifies that for some entities of the General Government, the data are based on estimates due to insufficient submission of data. Overall, the data show a slowdown in the growth of the surplus compared to 2024, with investments and social benefits being the main factors affecting the General Government's expenditure.