The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....
Any decision concerning the country's economy will be taken on three-pillar basis, fiscal stability and responsibility, a stable and healthy financial sector and continuous and bold reforms,...
14/02/2024
EU Finance Ministers, including Cypriot Minister Makis Keravnos, have said that gradual recovery is expected in 2024, but have warned that this will be in an environment of heightened uncertainty and...
17/01/2024
A surplus of €1,000.7 mn, equal to 3.4% of the GDP for the period of January-November 2023 is indicated by the preliminary General Government fiscal results, which are prepared by the Statistical...
29/12/2023
Cyprus retains its capacity to service its debts and its fiscal position remains strong, although challenges remain regarding the management of non-performing loans (NPLs) and the implementation of a...
22/12/2023
Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.PDMO has...
15/12/2023
The government will continue supporting the Cypriot economy and society, while maintaining fiscal viability and fiscal discipline, Finance Minister Makis Keravnos said on Saturday.His comments came...
11/12/2023
Cyprus central government debt, which is equivalent with 99% of the Republic’s total debt, declined to €22.5 million in the third quarter of 2023, marking a reduction of €1.33 billion, or 5.6%...
07/12/2023
The general government recorded a surplus of €918.9 mn or 3.1% of GDP for the period of January-October 2023, according to preliminary fiscal results released on Thursday by the Cyprus Statistical...
30/11/2023
The Fiscal Council of Cyprus has called upon the government to strictly maintain the course of debt and deficit included in the 2024 budget, during the next budgets beginning of 2025.The Council...
30/11/2023