Government Spending in Cyprus decreased to 1116.90 EUR Million in the fourth quarter of 2022 from 1160.80 EUR Million in the third quarter of 2022. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 775.36 EUR Million from 1995 until 2022, reaching an all time high of 1166.80 EUR Million in the second quarter of 2022 and a record low of 399.80 EUR Million in the second 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 May of 2023.

Government Spending in Cyprus is expected to be 1206.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Spending is projected to trend around 1151.00 EUR Million in 2024 and 1176.00 EUR Million in 2025, according to our econometric models.

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Cyprus Government Spending



Related Last Previous Unit Reference
Government Budget 2.10 -2.00 percent of GDP Dec 2022
Government Budget Value 324.10 -92.50 EUR Million Mar 2023
Government Spending 1116.90 1160.80 EUR Million Dec 2022
Government Revenues 2804.00 3218.60 EUR Million Mar 2023
Fiscal Expenditure 2479.90 3311.10 EUR Million Mar 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
1116.90 1160.80 1166.80 399.80 1995 - 2022 EUR Million Quarterly
Constant Prices 2010, SA