Government Spending in Cyprus increased to 1071.40 EUR Million in the second quarter of 2020 from 1023.70 EUR Million in the first quarter of 2020. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 738.94 EUR Million from 1995 until 2020, reaching an all time high of 1071.40 EUR Million in the second quarter of 2020 and a record low of 414.40 EUR Million in the first quarter of 1995. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Spending - values, historical data and charts - was last updated on November of 2020.

Government Spending in Cyprus is expected to be 939.87 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Cyprus to stand at 1149.61 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 970.89 EUR Million in 2021 and 998.07 EUR Million in 2022, according to our econometric models.

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Cyprus Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1071.40 1023.70 1071.40 414.40 1995 - 2020 EUR Million Quarterly
Constant Prices 2005, SA

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 95.50 100.60 109.20 45.60 percent [+]
Government Budget 1.70 -3.70 3.20 -8.70 percent of GDP [+]
Government Budget Value -277.40 417.30 417.30 -1522.40 EUR Million [+]
Government Spending 1071.40 1023.70 1071.40 414.40 EUR Million [+]
Government Spending to GDP 39.50 43.40 49.40 30.90 percent [+]
Government Revenues 1415.80 2082.60 2534.90 461.80 EUR Million [+]
Fiscal Expenditure 2374.50 1918.40 3445.80 475.10 EUR Million [+]
Military Expenditure 360.00 357.00 918.00 79.60 USD Million [+]
Credit Rating 50.00 [+]
Asylum Applications 790.00 30.00 1340.00 30.00 persons [+]

Cyprus Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.