Government Spending in Cyprus increased to 1102.20 EUR Million in the fourth quarter of 2020 from 1087.90 EUR Million in the third quarter of 2020. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 745.60 EUR Million from 1995 until 2020, reaching an all time high of 1102.20 EUR Million in the fourth quarter of 2020 and a record low of 414.70 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 May of 2021.

Government Spending in Cyprus is expected to be 1169.00 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 1139.00 in 12 months time. In the long-term, the Cyprus Government Spending is projected to trend around 1170.00 EUR Million in 2022 and 1203.00 EUR Million in 2023, according to our econometric models.

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Cyprus Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1102.20 1087.90 1102.20 414.70 1995 - 2020 EUR Million Quarterly
Constant Prices 2010, SA

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 118.20 94.00 118.20 45.50 percent [+]
Government Budget -5.70 1.50 3.20 -8.80 percent of GDP [+]
Government Budget Value -72.40 -795.10 417.30 -1522.40 EUR Million [+]
Government Spending 1102.20 1087.90 1102.20 414.70 EUR Million [+]
Government Spending to GDP 39.50 43.40 49.40 30.90 percent [+]
Government Revenues 2518.90 2216.00 2534.90 461.80 EUR Million [+]
Fiscal Expenditure 3087.70 2288.40 3445.80 475.10 EUR Million [+]
Credit Rating 50.00 [+]
Military Expenditure 420.00 445.00 980.00 85.00 USD Million [+]
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.