Cyprus recorded a government budget deficit of 187.90 EUR Million in the first quarter of 2021. source: Statistical Service of the Republic of Cyprus

Government Budget Value in Cyprus averaged -113.08 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 July of 2021.

Government Budget Value in Cyprus is expected to be 306.27 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 352.31 in 12 months time. 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

Actual Previous Highest Lowest Dates Unit Frequency
-187.90 -568.80 417.30 -1522.40 1995 - 2021 EUR Million Quarterly
Current Prices, NSA

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 118.20 94.00 118.20 45.50 percent of GDP [+]
Government Budget -5.70 1.50 3.20 -8.80 percent of GDP [+]
Government Budget Value -187.90 -568.80 417.30 -1522.40 EUR Million [+]
Government Spending 1154.70 1102.20 1154.70 414.70 EUR Million [+]
Government Spending to GDP 46.30 39.70 49.40 30.90 percent of GDP [+]
Government Revenues 2070.70 2518.90 2534.90 461.80 EUR Million [+]
Fiscal Expenditure 2258.60 3087.70 3445.80 475.10 EUR Million [+]
Credit Rating 50.00 [+]
Military Expenditure 414.00 402.00 932.00 80.90 USD Million [+]
Asylum Applications 695.00 245.00 1340.00 30.00 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.