Preliminary general government fiscal results indicate a deficit of €483.4 mln (2.1% of GDP) for the period of January-September 2021, as compared to a deficit of €599.8 mln (2.8% of GDP) recorded...
Cyprus’ fiscal deficit amounted to 5.7% of GDP while the island’s public debt rose to 115.3% of GDP in 2020, a year marked by the downturn caused by the Covid pandemic.The Statistical Service of...
25/10/2021
Cyprus` Ministry of Finance submitted to the Eurogroup and the European Commission the Draft Budgetary Plan (DBP) 2022 of the Republic of Cyprus as approved by the Cabinet.According to an...
18/10/2021
Cyprus state budget for 2022, provides for increased revenue and slightly reduced expenses, while an increase of 10% is recorded in development expenditure. The growth of the economy in 2022 is...
08/10/2021
Cyprus public debt is estimated to drop to €24.1 billion by the end of 2021, the Ministry of Finance’s Public Debt Management Office has said, adding that Cyprus has “significant” cash reserves that...
07/10/2021
The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat) indicate a deficit of €504.1 mn (2.3% of GDP) for the period of January-August 2021...
07/10/2021
The 2022 state budget provides for a significant correction of the fiscal deficits accumulated during the Covid pandemic, as Cyprus moves from recovery to growth, Minister of Finance Constantinos...
07/10/2021
International rating agency Fitch has affirmed Cyprus long-term credit rating at BBB- maintain a stable outlook, noting that Cyprus` institutional strength and its record of robust economic growth...
27/09/2021
The Cyprus parliamentary Committee on Finance and Budgetary Affairs examined on Monday the fourth supplementary budget for 2021 amounting to €91.7 million, providing for expenditure associated with...
20/09/2021
The coming months and 2022 will be crucial for the sustainability of the public finances, Cyprus` Finance Minister Constantinos Petrides said on Sunday as the Finance Ministry is preparing the 2022...
30/08/2021