Cyprus recorded a Government Budget deficit equal to 5.70 percent of the country's Gross Domestic Product in 2020. source: Statistical Service of the Republic of Cyprus

Government Budget in Cyprus averaged -2.92 percent of GDP from 1995 until 2020, reaching an all time high of 3.20 percent of GDP in 2007 and a record low of -8.80 percent of GDP in 2014. This page provides - Cyprus Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Budget - values, historical data and charts - was last updated on March of 2023.

Government Budget in Cyprus is expected to reach 1.30 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Budget is projected to trend around 1.50 percent of GDP in 2024 and 1.60 percent of GDP in 2025, according to our econometric models.

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Cyprus Government Budget

Related Last Previous Unit Reference
Government Budget -1.70 -5.80 percent of GDP Dec 2021
Government Budget Value 651.40 -276.00 EUR Million Sep 2022
Government Spending 1161.00 1178.00 EUR Million Dec 2022
Government Revenues 3208.50 2342.90 EUR Million Sep 2022
Fiscal Expenditure 2557.10 2618.90 EUR Million Sep 2022

Cyprus Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-1.70 -5.80 3.20 -8.80 1995 - 2021 percent of GDP Yearly