Government Spending in Cyprus increased to 1198.40 EUR Million in the second quarter of 2021 from 1154.70 EUR Million in the first quarter of 2021. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 753.81 EUR Million from 1995 until 2021, reaching an all time high of 1198.40 EUR Million in the second quarter of 2021 and a record low of 414.70 EUR Million in the first quarter of 1995. This page provides - Cyprus Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Government Spending - values, historical data and charts - was last updated on September of 2021.

Government Spending in Cyprus is expected to be 1146.00 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 Spending is projected to trend around 1179.00 EUR Million in 2022 and 1212.00 EUR Million in 2023, according to our econometric models.

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Cyprus Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
1198.40 1154.70 1198.40 414.70 1995 - 2021 EUR Million Quarterly
Constant Prices 2010, SA

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 1198.40 1154.70 1198.40 414.70 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 51.00 [+]
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 Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.