Nicosia, Cyprus. Cyprus recorded a general government fiscal surplus of €420.30 million in the first six months of 2026, equivalent to 1.1 per cent of GDP, according to preliminary figures released by the Cyprus Statistical Service (Cystat).
The surplus was slightly higher than the €416.80 million, also equivalent to 1.1 per cent of GDP, recorded during the corresponding period of 2025.
Government revenue
Total government revenue rose by 4.1 per cent to €7.40 billion between January and June 2026, compared with €7.11 billion in the same period a year earlier.
Cystat said the increase represented an additional €290.30 million in revenue over the first half of 2025.
Tax and contribution receipts
Revenue from taxes on income and wealth increased by €101.00 million, or 6.3 per cent, to €1.69 billion from €1.59 billion a year earlier.
Social contributions rose by €181.30 million, or 7.7 per cent, reaching €2.54 billion, compared with €2.36 billion in the first half of 2025.
Revenue from taxes on production and imports increased by €207.90 million, or 9.3 per cent, to €2.45 billion from €2.25 billion in the corresponding period of 2025.
Net VAT revenue recorded the largest increase within that category, rising by €263.80 million, or 18.0 per cent, to €1.73 billion from €1.46 billion.
Declines in other revenue
Capital transfers fell by €84.60 million to €23.00 million, compared with €107.60 million in the first half of 2025.
Revenue from the sale of goods and services declined by €23.40 million, or 4.6 per cent, to €481.80 million.
