Cyprus' fiscal watchdog expressed concern over the delays in the implementation of Cyprus’ Recovery and Resilience Plan, warning that in case of further delays it will adversely revise is economic...
The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small...
16/06/2022
Cyprus’ government announced a new package of financial support for vulnerable groups of the population, to the tune of €103 million on Friday, to offset the impact of inflation and the war in...
30/05/2022
The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CyStat) indicate a surplus of 1% of GDP, which translates to €239.3 mn, for the period of...
05/05/2022
The Fiscal Council of Cyprus announced that it has unanimously approved the estimates and forecasts of the Stability Program, which will be submitted to the Commission soon. It warns, however, that...
04/05/2022
Cyprus fiscal accounts in the last quarter of 2021 generated a surplus of €37.7 million compared with a deficit of €648 million in the respective period of 2020.According to preliminary data released...
02/05/2022
At the end of the fourth quarter of 2021, the government debt to GDP ratio in the euro area stood at 95.6%, compared with 97.5% at the end of the third quarter of 2021, according to data released by...
27/04/2022
Cyprus is expected to return to fiscal surpluses by 2024 while public debt will return to a downward trajectory, following the spike in 2020 during the COVID-19 pandemic, IMF said in its Fiscal...
21/04/2022
The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €235,4 mn (0,9% of GDP) for the period of January-February...
05/04/2022
Due to a significant increase of 16% in revenue the General Government's deficit shrank to €409.1 mn or 1.8% of GDP in 2021 compared to €1,212.8 mn (5.6% of GDP), preliminary fiscal results published...
01/03/2022