Nicosia, Cyprus. Cyprus recorded a general government surplus of €653.6 million in the third quarter of 2025, according to preliminary fiscal results released by the state statistical service, Cystat. The surplus was lower than the €871.00 million recorded in the same period of 2024.
Surplus and overall revenue
The results cover the period July-September 2025. Cystat reported that total government revenue rose by €104.20 million, an increase of 2.6 per cent, to €4.10 billion in the third quarter of 2025, compared with €3.99 billion during July-September 2024.
Social contributions and income taxes
Social contributions increased by €62.50 million, or 5.7 per cent, reaching €1.15 billion, up from €1.09 billion a year earlier. Revenue from taxes on income and wealth rose by €10.90 million, an increase of 0.8 per cent, amounting to €1.30 billion, compared with €1.29 billion in the third quarter of 2024.
Taxes on production and imports
Taxes on production and imports increased by €7.10 million, or 0.6 per cent, to €1.26 billion, from €1.26 billion in the corresponding quarter of 2024. Within this category, net VAT revenue rose by €40.20 million, reflecting an increase of 4.8 per cent, to €886.40 million, compared with €846.20 million a year earlier.
Property income and capital transfers
Property income receivable increased by €3.00 million, or 13.5 per cent, reaching €25.30 million, up from €22.30 million in the third quarter of 2024. Capital transfers rose by €6.00 million to €10.80 million, compared with €4.80 million in the corresponding period of the previous year.
What do you consider the key factor behind the change in Cyprus’ Q3 surplus compared with a year earlier?
