Cyprus will achieve sooner its 60% debt to GDP ratio as stipulated by the Maastricht Treaty, the International Monetary Fund (IMF) said on Wednesday.The IMF’s Fiscal Monitor, April 2024, has revised...
Cyprus’ budget implementation by the end of February amounted to just 9% in spending and 13% in terms of revenue, the Treasury said on Monday.According to the data released by the Treasury by the end...
09/04/2024
Cyprus General Government surplus exceeded half a billion in the first two months of 2024 marking an increase of 34% compared with the respective period of last year.According to preliminary data...
08/04/2024
The state budget deficit for 2023 increased by €80 million compared to the deficit recorded in 2022, according to the Fiscal Report of the Republic of Cyprus for 2023, submitted to the House of...
28/03/2024
The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister...
12/03/2024
Cyprus recorded a surplus of €455.9 million, equivalent to 1.4% of its Gross Domestic Product (GDP), according the preliminary fiscal results released Friday by the Statistical Service of Cyprus....
11/03/2024
The fiscal accounts of the General Government recorded a surplus of €876.3 mn in the period between January - December 2023.According to the Statistical Service of Cyprus, the preliminary General...
29/02/2024
The debt of the Central Government of Cyprus amounted to €22.4 billion at the end of 2023, representing approximately 99% of the total debt of the Republic of Cyprus. This figure reflects a decrease...
21/02/2024
The common position that the new EU fiscal rules are in the right direction and allow “national ownership” of the fiscal trajectory of each member state, was expressed in an event organised on...
16/02/2024
The European Commission’s Winter Interim Forecast has predicted GDP growth in Cyprus to increase by 2.8% in 2024 and by 3% in 2025, as well as a slowdown for inflation to 3.9% in 2023 (from 8.1% in...
15/02/2024