Cyprus has recorded a general government surplus of €1.61 billion for the period January to September 2026, equivalent to 4.0% of GDP, new data from Cystat, the country’s statistics service, has found.
This compares with a surplus of €1.168 billion, or 3.0% of GDP, during the corresponding period in 2025.
Government revenue
Total general government revenue reached €12.092 billion during the first nine months of 2026, compared with €11.35 billion in the same period of 2025.
The increase of €737.9 million was principally driven by higher income and wealth taxes, social contributions and taxes on production and imports, Cystat noted.
Taxes on income and wealth generated €3.34 billion, an increase of €442.2 million, or 15.3%, compared with €2.895 billion a year earlier.
Social contributions increased by €235 million, or 6.6%, to €3.78 billion, compared with €3.54 billion in January to September 2025.
Elsewhere, taxes on production and imports reached €3.766 billion, an increase of €251.5 million, or 7.2%, from €3.51 billion. Within this category, net value added tax receipts, after refunds, increased by €293.1 million, or 12.5%, to €2.6386 billion. Other revenue categories recorded declines.
Government expenditure
Total general government expenditure, meanwhile, reached €10.48 billion, compared with €10.19 billion in the first nine months of 2025. This represented an increase of €295.9 million, or 2.9%.
Current expenditure increased by €485.8 million, or 5.4%, to €9.5459 billion.
Social benefits increased by €199.6 million, or 4.9%, to €4.2689 billion, making them the largest current expenditure category.
Capital expenditure moved in the opposite direction. Total capital expenditure declined by €189.9 million, or 16.9%, to €936.2 million, compared with €1.1261 billion a year earlier.
Cystat noted that the January to September figures were preliminary. Read more here.
