Cyprus general government fiscal results for January-May 2026

According to preliminary data from the Statistical Service of Cyprus, the general government recorded a fiscal surplus of €552.9 million for the period from January to May 2026, representing 1.4 percent of GDP. This surplus is slightly lower than the €544.5 million, or 1.5 percent of GDP, recorded during the same period in 2025. Total state revenue increased by €282.5 million, or 4.8 percent, reaching €6.205 billion. Specifically, income tax revenue rose by 8.4 percent to €1.488 billion, social security contributions increased by 5.2 percent to €2.065 billion, and net VAT revenue grew by 11 percent to €1.389 billion. Conversely, interest and dividend income fell by 26.1 percent to €68.5 million, while current transfers decreased by 25.5 percent to €115.7 million. Total government expenditures grew by 5.1 percent to approximately €5.7 billion, driven by increased spending in health, education, housing, defense, and security. Additionally, developmental expenditure realization reached 19 percent, surpassing the ten-year average of 17 percent.