Cyprus’ public finances will return to surpluses in 2023 which will continue until 2027, the IMF said in its Fiscal Monitor 2022 issued on Wednesday.The IMF projects that following the deficits...
Cyprus generated a fiscal surplus amounting to €379.9 million, or 1.5% of GDP, in the period of January-August 2022 compared with a deficit of €535.2 mn or 2.3% of GDP in the respective period of...
The meetings of the Ministry of Finance with delegations from the European Commission, the European Central Bank and the International Monetary Fund begin today, 26-28 September 2022, in the...
Cyprus Fiscal Council has said that the economy is strong and resilient, however it advises everyone to be vigilant as international challenges persist.The Council issued a press release Wednesday...
The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €141,8 mn (0,6% of GDP) for the period of January-July 2022,...
The Finance Ministry said it will prepare the 2023 state budget in two formats, in the context of the public service’s transition to the new management system Enterprise Resource Planning (ERP)....
Cyprus General Government posted a small deficit amounting to €11.4 million or 0.05% of GDP in the first half of 2022, compared with a deficit of €751 mn or 3.2% of GDP in the period of January-June...
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...
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...