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...
Ministers’ Cabinet approved Thursday the Strategic Framework of Fiscal Policy that sets Government’s strategic directions and economic policy priorities for next three years.As Minister of Finance...
09/06/2023
The latest fiscal results released on Wednesday by the Statistical Service of Cyprus (CYSTAT) reveal a surplus of €291.9 million, equivalent to 1.0% of the country's Gross Domestic Product (GDP), for...
01/06/2023
Cyprus Fiscal Council on Thursday called on both the government and the legislature and supervisory bodies to observe a “strict stance” on the issue of Cypriot individuals and legal persons...
18/05/2023
A surplus of €324.1 million, equal to 1.1% of GDP is indicated in the preliminary General Government fiscal results for the period of January-March 2023, which are prepared by the Statistical Service...
03/05/2023
The interest rate risk for the debt of the Republic of Cyprus is limited, despite the continuous rise in the base interest rates of the Central Banks, due to the loan from the European Stability...
26/04/2023
At the end of the fourth quarter of 2022, the general government gross debt to GDP ratio in Cyprus stood at 86.5%, compared with 91.3% at the end of the third quarter of 2022, according to data...
24/04/2023
The Statistical Service announced on Friday a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.The above data are the...
21/04/2023
Cyprus is set to maintain sizeable fiscal and primary surpluses that will maintain public debt on a downward path which is estimated to drop below the 60% limit of the Maastricht criteria by 2028,...
12/04/2023
Increased revenue from direct tax by €357 million in 2022 and from indirect tax by €407 million, compared to 2021 has led to a surplus of €300 mln from operational and investment activities,...
04/04/2023