Cyprus reports fiscal surplus and continued reduction in public debt

Official data released by the Cyprus Statistical Service (Cystat) and Eurostat confirm that Cyprus maintained a strong fiscal position in 2025 and the first half of 2026. For the full year 2025, the country recorded a fiscal surplus of €1.36 billion, equivalent to 3.6% of GDP, and reduced its public debt to €20.05 billion, representing 52.3% of GDP. This performance places Cyprus among a select group of EU member states that avoided deficits during that period.

Economic momentum continued into 2026, with Eurostat data showing a seasonally adjusted general government surplus of 3.3% of GDP for the second quarter. By the end of June 2026, total public debt had further declined to €19.2 billion, or 48.5% of GDP. Government revenue in 2025 rose by 7.7% to €15.89 billion, while total expenditures increased by 9.2% to reach €14.53 billion, including a 7.6% rise in public sector payroll costs.

These verified figures, processed under the European Commission's Excessive Deficit Procedure, highlight the country's fiscal stability compared to the broader European average. The current trend of debt reduction and surplus maintenance positions Cyprus as a top performer in EU fiscal management, with national authorities focusing on sustaining these metrics amidst ongoing European economic volatility.