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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Cyprus Government Spending

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.
Actual Previous Highest Lowest Dates Unit Frequency
1201.60 1186.30 1204.00 414.50 1995 - 2022 EUR Million Quarterly
Constant Prices 2010, SA