Nicosia, Cyprus. Cyprus recorded a general government fiscal surplus of €538.8 million in January 2026, equivalent to 1.5 per cent of GDP, according to the Cyprus Statistical Service (Cystat). The surplus was slightly lower than the €569.3 million, or 1.6 per cent of GDP, reported in January 2025.
Surplus and overall revenue
Cystat said total government revenue in January 2026 rose by €14.7 million, an increase of 1.0 per cent, to €1.55 billion compared with €1.53 billion in the same month of 2025.
Changes in tax revenue and transfers
Taxes on income and wealth increased by €71.2 million, or 12.2 per cent, to €657.0 million from €585.8 million in January 2025.
Capital transfers rose by €2.3 million, up 79.3 per cent, to €5.2 million compared with €2.9 million a year earlier.
Taxes on production and imports declined by €24.0 million, or 6.2 per cent, to €363.4 million from €387.4 million in January 2025.
Despite the decline, net revenue from value added tax increased by €9.2 million, up 3.7 per cent, to €258.9 million from €249.7 million a year earlier.
Other revenue components
Social contributions fell by €7.8 million, or 1.8 per cent, to €423.4 million compared with €431.2 million in January 2025.
Property income declined by €2.2 million, down 31.0 per cent, to €4.9 million from €7.1 million in the same month of 2025.
Current transfers decreased by €8.9 million, or 42.4 per cent, to €12.1 million compared with €21.0 million in January 2025.
Which revenue categories contributed most to the change in Cyprus’s January 2026 fiscal balance?