Cyprus general government posts €593.4 million surplus in January-April 2026

Nicosia, Cyprus. Cyprus’ general government recorded a fiscal surplus of €593.4 million in January-April 2026, preliminary data released on Friday by the Cyprus Statistical Service showed. The surplus was equal to 1.5% of GDP, compared with €614 million, or 1.7% of GDP, in the same period of 2025.

Revenue rises

Total revenue increased by €194.4 million, or 4%, to €4.99 billion from €4.80 billion in January-April 2025. Revenue from taxes on income and wealth rose by €121 million, or 10.3%, to €1.29 billion from €1.17 billion a year earlier.

Contributions and taxes

Social contributions increased by €128.9 million, or 8.3%, to €1.69 billion from €1.56 billion in the corresponding period of 2025. Taxes on production and imports grew by €42.5 million, or 2.9%, to €1.53 billion from €1.49 billion in 2025.

VAT and transfers

Net VAT revenue rose by €53.5 million, or 5.4%, to €1.05 billion from €993.7 million in the previous year. Capital transfers increased by €8.6 million to €16.4 million, from €7.8 million in 2025.

Declines in other revenue

Property income fell by €23.6 million, or 27.8%, to €61.2 million from €84.8 million a year earlier. Revenue from the sale of goods and services also declined by €43.6 million, or 12%, to €318.4 million from €362 million in 2025.