Cyprus Government Spending2022 Data - 2023 Forecast - 1995-2021 Historical - Chart

Name: Cyprus Government Spending
Creator: TRADING ECONOMICS
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Keywords: Cyprus,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Government Spending in Cyprus increased to 1201.60 EUR Million in the second quarter of 2022 from 1186.30 EUR Million in the first quarter of 2022. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus averaged 772.57 EUR Million from 1995 until 2022, reaching an all time high of 1204 EUR Million in the second quarter of 2021 and a record low of 414.50 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 2022.

Government Spending in Cyprus is expected to be 1206.00 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 1240.00 EUR Million in 2023 and 1274.00 EUR Million in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Budget	-1.70	-5.80	percent of GDP	Dec 2021
Government Budget Value	239.30	37.70	EUR Million	Mar 2022
Government Spending	1201.60	1186.30	EUR Million	Jun 2022
Government Revenues	2451.90	3113.50	EUR Million	Mar 2022
Fiscal Expenditure	2212.60	3075.80	EUR Million	Mar 2022

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.