Cyprus recorded a government budget deficit of 18.70 EUR Million in the second quarter of 2018. Government Budget Value in Cyprus averaged -100.66 EUR Million from 1995 until 2018, reaching an all time high of 398.10 EUR Million in the third quarter of 2017 and a record low of -1522.40 EUR Million in the first quarter of 2014.

Government Budget Value in Cyprus is expected to be 159.01 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Cyprus to stand at 416.24 in 12 months time. In the long-term, the Cyprus Government Budget Value is projected to trend around 352.31 EUR Million in 2020, according to our econometric models.

Cyprus Government Budget Value
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Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 97.50 106.60 107.50 44.70 percent [+]
Government Budget 1.80 0.30 3.20 -9.00 percent of GDP [+]
Government Budget Value -18.70 345.60 398.10 -1522.40 EUR Million [+]
Government Spending 798.80 791.60 866.60 357.30 EUR Million [+]
Government Spending to GDP 38.10 38.60 48.80 30.90 percent [+]
Government Revenues 1774.50 1853.90 2221.20 461.60 EUR Million [+]
Fiscal Expenditure 1793.20 1556.60 3097.40 475.10 EUR Million [+]
Military Expenditure 386.00 316.93 902.22 78.29 USD Million [+]
Credit Rating 36.25 [+]
Asylum Applications 500.00 395.00 635.00 65.00 persons [+]


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. This page provides - Cyprus Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Budget Value - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-18.70 345.60 398.10 -1522.40 1995 - 2018 EUR Million Quarterly
Current Prices, NSA




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Argentina -16585.90 Oct/18
Australia 999.00 Oct/18
Brazil -6107.00 Oct/18
Canada -1356.00 Sep/18
China 100.80 Oct/18
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Germany 36.06 Jun/18
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Spain -8384.00 Oct/18
Switzerland 1373.00 Dec/18
Turkey -8515327.00 Oct/18
United Kingdom -3357.00 Oct/18
United States -205000.00 Nov/18


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