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 October of 2021.

Government Spending in Cyprus is expected to be 1141.00 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 1202.00 EUR Million in 2022 and 1236.00 EUR Million in 2023, according to our econometric models.

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Cyprus Government Spending


Cyprus Last Unit Reference Previous Highest Lowest
Government Budget -5.70 percent of GDP Dec/20 1.50 3.20 -8.80
Government Budget Value -601.70 EUR Million Jun/21 -187.90 417.30 -1522.40
Government Spending 1198.40 EUR Million Jun/21 1154.70 1198.40 414.70
Government Revenues 1962.10 EUR Million Jun/21 2070.70 2534.90 461.80
Fiscal Expenditure 2563.80 EUR Million Jun/21 2258.60 3445.80 475.10


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.