Cyprus recorded a government budget deficit of 601.70 EUR Million in the second quarter of 2021. source: Statistical Service of the Republic of Cyprus

Government Budget Value in Cyprus averaged -117.69 EUR Million from 1995 until 2021, reaching an all time high of 417.30 EUR Million in the third quarter of 2019 and a record low of -1522.40 EUR Million in the first quarter of 2014. This page provides - Cyprus Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Budget Value - values, historical data and charts - was last updated on November of 2021.

Government Budget Value in Cyprus is expected to be 352.31 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Budget Value is projected to trend around 352.31 EUR Million in 2022, according to our econometric models.

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Cyprus Government Budget Value


Related Last Previous Unit Reference
Government Budget -5.70 1.50 percent of GDP Dec/20
Government Budget Value -601.70 -187.90 EUR Million Jun/21
Government Spending 1198.40 1154.70 EUR Million Jun/21
Government Revenues 1962.10 2070.70 EUR Million Jun/21
Fiscal Expenditure 2563.80 2258.60 EUR Million Jun/21
Cyprus Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.