Cyprus Government Budget: Revenues and Spending
Cyprus Government Budget Data
| Indicator | Data | Period |
|---|---|---|
| Government Budget Value | 324 EUR Million | 0.344 B USD | 1Q/23 |
| Government Spending | 1206 EUR Million | 1.279 B USD | 2Q/23 |
| Government Revenues | 2804 EUR Million | 2.975 B USD | 1Q/23 |
| Government Budget to GDP | 2.1 % | 2022 |
| Government Spending to GDP | 39.8 % | 2022 |
Latest data on Government Budget Value (EUR Million)
How much is Cyprus Government Budget?
- The deficit of government budget in Cyprus increased to 324 EUR Million (0.344 B USD) in the first quarter of 2023. The maximum surplus was 417 EUR Million and deficit was -1522 EUR Million.
- Data published Quarterly by Statistical Service.
Historical Data (EUR Million) by years
Data
Period
Date
| 324 | 1Q/23 | 11.05.2023 |
| 651 | 3Q/22 | 10.01.2023 |
| -276 | 2Q/22 | 01.11.2022 |
| 239 | 1Q/22 | 18.05.2022 |
| 305 | 3Q/21 | 19.02.2022 |
| -602 | 2Q/21 | 15.10.2021 |
| -188 | 1Q/21 | 21.06.2021 |
| -72.4 | 3Q/20 | 09.02.2021 |
Historical Chart by presidents (EUR Million)
Government Budget Value in Cyprus by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicos Anastasiades | 28.02.2013 - | 88.4000 | 297.3000 | 366.7000 | -138.4000 | 236.31% |
Latest data on Government Spending (EUR Million)
What is current Cyprus Government Spending?
- Government Spending in Cyprus increased to 1206 EUR Million (1.279 B USD) in the second quarter of 2023. The maximum volume was 1155 EUR Million and minimum was 415 EUR Million
- Data published Quarterly by Statistical Service.
Historical Data (EUR Million) by years
Data
Period
Date
| 1206 | 2Q/23 | 06.09.2023 |
| 1185 | 1Q/23 | 02.06.2023 |
| 1117 | 4Q/22 | 01.03.2023 |
| 1160 | 3Q/22 | 10.12.2022 |
| 1143 | 2Q/22 | 03.09.2022 |
| 1186 | 1Q/22 | 04.06.2022 |
| 1173 | 4Q/21 | 01.03.2022 |
| 1184 | 3Q/21 | 18.01.2022 |
Historical Chart by presidents (EUR Million)
Government Spending in Cyprus by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicos Anastasiades | 28.02.2013 - | 634.8000 | 666.7000 | 666.7000 | 634.8000 | 5.03% |
Latest data on Government Revenues (EUR Million)
How much is Cyprus Government Revenue?
- Government Revenues in Cyprus decreased to 2804 EUR Million (2.975 B USD) in the first quarter of 2023. The maximum volume was 2535 EUR Million and minimum was 462 EUR Million
- Data published Quarterly by Statistical Service.
Historical Data (EUR Million) by years
Data
Period
Date
| 2804 | 1Q/23 | 11.05.2023 |
| 3219 | 4Q/22 | 06.05.2023 |
| 3208 | 3Q/22 | 24.12.2022 |
| 2343 | 2Q/22 | 29.10.2022 |
| 2452 | 1Q/22 | 18.05.2022 |
| 3114 | 4Q/21 | 30.04.2022 |
| 2690 | 3Q/21 | 18.01.2022 |
| 1962 | 2Q/21 | 09.10.2021 |
Historical Chart by presidents (EUR Million)
Government Revenues in Cyprus by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Nicos Anastasiades | 28.02.2013 - | 1853.9000 | 1853.9000 | 1853.9000 | 1853.9000 | 0.00% |
Latest data on Government Budget to GDP (%)
What is the deficit of Cyprus Government Budget?
- The deficit of Current Account to GDP in Cyprus increased to 2.1 % in 2022. The maximum surplus was 3.2 % and deficit was -8.8 %.
- Data published Yearly by Statistical Service.
Historical Data (%) by years
Data
Period
Date
| 2.1 | 2022 | 13.04.2023 |
| -1.7 | 2021 | 03.05.2022 |
| -5.7 | 2020 | 22.04.2021 |
| 1.7 | 2019 | 22.04.2020 |
| -4.8 | 2018 | 04.07.2019 |
Historical Chart by presidents (%)
Government Budget to GDP in Cyprus by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Latest data on Government Spending to GDP (%)
What is Cyprus government spending ratio to GDP?
- Government Spending to GDP in Cyprus decreased to 39.8 % in 2022. The maximum level was 49.4 % and minimum was 30.9 %.
- Data published Yearly by Eurostat.
Historical Data (%) by years
Data
Period
Date
| 39.8 | 2022 | 21.04.2023 |
| 44.1 | 2021 | 20.07.2022 |
| 46.3 | 2020 | 17.05.2021 |
| 39.5 | 2019 | 22.04.2020 |
| 44.7 | 2018 | 04.07.2019 |
Historical Chart by presidents (%)
Government Spending to GDP in Cyprus by presidents
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|
Other budget indicators in Cyprus
| Index | Updated | Actual | Previous |
| Government Debt to GDP | 2022 | 86.5 % | 101 |
| Fiscal Expenditure | 1Q/23 | 2.626 B USD | 3.513 |
| Military Expenditure | 2022 | 0.494 B USD | 0.542 |
Government Budget to GDP in other countries
| Country | Updated | Actual | Previous |
| Austria | 2022 | -3.2 % | -5.8 |
| Ireland | 2022 | 1.6 % | -1.6 |
| Luxembourg | 2022 | 0.2 % | 0.7 |
| Spain | 2022 | -4.8 % | -6.9 |
| Iceland | 2022 | -4.3 % | -8.4 |
| Norway | 2022 | 26 % | 10.6 |
| Belarus | 2021 | -0.3 % | -1.3 |
| Belgium | 2022 | -3.9 % | -5.5 |
| Bulgaria | 2022 | -2.8 % | -3.9 |
| Croatia | 2022 | 0.4 % | -2.5 |
| Cyprus | 2022 | 2.1 % | -2 |
| Czech Republic | 2022 | -3.2 % | -5.1 |
| Denmark | 2022 | 3.3 % | 3.6 |
| Estonia | 2022 | -0.9 % | -2.4 |
| Euro Area | 2022 | -3.6 % | -5.3 |
| Finland | 2022 | -0.9 % | -2.8 |
| France | 2022 | -4.7 % | -6.5 |
| Germany | 2022 | -2.6 % | -3.7 |
| Greece | 2022 | -2.3 % | -7.1 |
| Hungary | 2022 | -6.2 % | -7.1 |
| Italy | 2022 | -8 % | -9 |
| Latvia | 2022 | -4.4 % | -7.1 |
| Lithuania | 2022 | -0.6 % | -1.2 |
| Macedonia | 2022 | -4.1 % | -5.4 |
| Malta | 2022 | -5.8 % | -7.8 |
| Moldova | 2022 | -3.3 % | -2.6 |
| Montenegro | 2022 | -4.6 % | -1.7 |
| Netherlands | 2022 | 0 % | -2.4 |
| Poland | 2022 | -3.7 % | -1.8 |
| Portugal | 2022 | -0.4 % | -2.9 |
| Romania | 2022 | -5.8 % | -7.1 |
| Russia | 2022 | -2.3 % | 0.8 |
| Serbia | 2022 | -3.3 % | -4.6 |
| Slovakia | 2022 | -2 % | -5.4 |
| Slovenia | 2022 | -3 % | -4.6 |
| Sweden | 2022 | 0.7 % | 0 |
| Switzerland | 2022 | 1 % | -0.3 |
| Turkey | 2022 | -0.9 % | -2.8 |
| Ukraine | 2022 | -16.3 % | -3.4 |
| United Kingdom | 2022 | -5.5 % | -5.2 |
| Albania | 2022 | -3.8 % | -4.5 |
| Bosnia and Herzegovina | 2022 | -0.4 % | -0.3 |
| Kosovo | 2021 | -0.9 % | -7.6 |
