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Cyprus Government Budget: Revenues and Spending

Cyprus Government Budget Data

Indicator Data Period
Government Budget Value 651 EUR Million | 0.703 B USD 3Q/22
Government Spending 1160 EUR Million | 1.253 B USD 3Q/22
Government Revenues 3208 EUR Million | 3.464 B USD 3Q/22
Government Budget to GDP -1.7 % 2021
Government Spending to GDP 44.1 % 2021


Latest data on Government Budget Value (EUR Million)

Government Budget Value
                     Cyprus - Historical Data (EUR Million)

How much is Cyprus Government Budget?

  • The deficit of government budget in Cyprus increased to 651 EUR Million (0.703 B USD) in the third quarter of 2022. 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
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
-277 4Q/19 06.05.2020


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)

Government Spending
                     Cyprus - Historical Data (EUR Million)

What is current Cyprus Government Spending?

  • Government Spending in Cyprus increased to 1160 EUR Million (1.253 B USD) in the third quarter of 2022. 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
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
1198 2Q/21 04.09.2021
1155 1Q/21 05.06.2021
1102 4Q/20 06.03.2021


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)

Government Revenues
                     Cyprus - Historical Data (EUR Million)

How much is Cyprus Government Revenue?

  • Government Revenues in Cyprus increased to 3208 EUR Million (3.464 B USD) in the third quarter of 2022. 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
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
2071 1Q/21 05.06.2021
2519 4Q/20 01.05.2021


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 (%)

Government Budget to GDP
                     Cyprus - Historical Data (%)

What is the deficit of Cyprus Government Budget?

  • The deficit of Current Account to GDP in Cyprus increased to 1.7 % in 2021. The maximum surplus was 3.2 % and deficit was -8.8 %.
  • Data published Yearly by Statistical Service.

Historical Data (%) by years

Data
Period
Date
-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 (%)

Government Spending to GDP
                     Cyprus - Historical Data (%)

What is Cyprus government spending ratio to GDP?

  • Government Spending to GDP in Cyprus decreased to 44.1 % in 2021. The maximum level was 49.4 % and minimum was 30.9 %.
  • Data published Yearly by Eurostat.

Historical Data (%) by years

Data
Period
Date
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 2021 104 % 115
Fiscal Expenditure  3Q/22 2.761 B USD 2.828
Military Expenditure 2021 0.518 B USD 0.483

Government Budget to GDP in other countries

Country Updated Actual Previous
Austria 2021 -5.9 % -8
Ireland 2021 -1.7 % -5
Luxembourg 2021 0.8 % -3.4
Spain 2021 -6.9 % -10.3
Iceland 2021 -8.9 % -8.7
Norway 2021 9.1 % -2.6
Belarus 2021 -0.3 % -1.3
Belgium 2021 -5.5 % -9
Bulgaria 2021 -3.9 % -3.8
Croatia 2021 -2.6 % -7.3
Cyprus 2021 -1.7 % -5.8
Czech Republic 2021 -5.1 % -5.8
Denmark 2021 3.6 % 0.2
Estonia 2021 -2.4 % -5.6
Euro Area 2021 -5.1 % -7.1
Finland 2021 -2.7 % -5.5
France 2021 -6.5 % -8.9
Germany 2022 -2.6 % -3.7
Greece 2021 -7.4 % -10.2
Hungary 2022 -6.1 % -6.8
Italy 2021 -7.2 % -9.6
Latvia 2021 -7 % -4.3
Lithuania 2021 -1 % -7.3
Macedonia 2021 -5.4 % -8.1
Malta 2021 -7.8 % -9.5
Moldova 2021 -1.9 % -5.3
Montenegro 2021 -2.03 % -10.1
Netherlands 2021 -2.6 % -3.7
Poland 2021 -1.8 % -6.9
Portugal 2021 -2.9 % -5.8
Romania 2021 -7.1 % -9.2
Russia 2022 -2.3 % 0.8
Serbia 2021 -4.6 % -8.3
Slovakia 2021 -5.5 % -5.4
Slovenia 2021 -4.7 % -7.7
Sweden 2021 -0.1 % -2.8
Switzerland 2021 -0.7 % -3.2
Turkey 2021 -2.7 % -3.5
Ukraine 2021 -3.4 % -5.3
United Kingdom 2021 -5.4 % -15
Albania 2021 -4.8 % -6.8
Bosnia and Herzegovina 2021 -0.3 % -5.3
Kosovo 2021 -0.9 % -9.9