Nicosia, Cyprus. Cyprus’ general government posted a surplus of €119.40 million in the fourth quarter of 2025, up from a €94.90 million surplus in the same period of 2024, according to Cystat. Total revenue rose to €4.69 billion in October-December 2025, an increase of 11.5% year on year.
Preliminary fiscal results for October-December 2025
Cystat said its preliminary fiscal results for the period reflected strengthening public finances. Total revenue during the quarter reached €4.69 billion, an increase of €482.40 million from €4.20 billion a year earlier.
Changes in revenue components
Social contributions increased by €79.50 million, or 6.2%, to €1.36 billion, from €1.28 billion in the fourth quarter of 2024.
Revenue from taxes on income and wealth rose by €196.90 million, or 18.0%, to €1.29 billion, compared with €1.09 billion a year earlier.
Taxes on production and imports increased by €68.90 million, or 5.9%, to €1.24 billion, from €1.17 billion in the same quarter of 2024. Within this category, net VAT revenue rose by €2.10 million, or 0.3%, to €808.10 million, compared with €806.00 million in the previous year.
Other current transfers increased by €98.90 million to €195.50 million from €96.60 million in the fourth quarter of 2024.
Revenue from the sale of goods and services rose by €69.20 million, or 28.7%, to €309.90 million, compared with €240.70 million in the corresponding period of 2024.
Property income receivable fell by €18.80 million, or 37.2%, to €31.70 million from €50.50 million a year earlier.
Which revenue category do you think had the biggest impact on Cyprus’ Q4 2025 surplus?