The state budget for 2024, the first under the government of Nikos Christodoulides, will be submitted to the Council of Ministers for approval by mid-September, a Finance Ministry senior official...
Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June...
01/08/2023
Cyprus central government debt amounted to €23.829 bln on June 30 2023, according to data published at the website of the Public Debt Management Office on Friday. The amount increased by €700 mln in...
31/07/2023
The economy is on a good track, said Finance Minister Makis Keravnos on Wednesday, when asked to comment on press reports that the Fiscal Council is raising questions about the state of the economy....
19/07/2023
Cyprus' Fiscal Council notes significant and wide delays in the implementation of commitments related to the Recovery and Resilience Plan (RRP), in its interim report published on Tuesday.The Council...
19/07/2023
The fiscal surplus of the General Government of Cyprus amounted to €315.1 million, representing 1.1% of GDP, according to preliminary financial results released on Friday by the Statistical Service...
03/07/2023
There should be no concerns over the state of public finances in Cyprus amid rising public spending, noting that fiscal discipline and primary surpluses “are the rule in the Finance Ministry.”In...
27/06/2023
The government has submitted to the Parliament a supplementary budget amounting to €361 million with an impact of 0.85% of GDP on the government coffers.This is second supplementary budget submitted...
23/06/2023
President highlights need for targeted social measures for a strong economyCyprus President Nikos Christodoulides on Tuesday highlighted the need for targeted social measures, stating that the...
21/06/2023
The largest proportion of general government gross debt held by non-residents (rest of the world sector) was recorded in Cyprus (93%) at the end of 2022, compared to EU countries for which data are...
20/06/2023