Cyprus posts €770.6 million fiscal surplus in first seven months of 2026
Cyprus recorded a general government fiscal surplus of €770.6 million, or 2 per cent of GDP, between January and July 2026, according to preliminary Cystat data.
Nicosia, Cyprus. Cyprus recorded a general government fiscal surplus of €770.6 million in the first seven months of 2026, equivalent to 2 per cent of GDP, according to preliminary figures released by the statistical service, Cystat.
The surplus was €11 million higher than the €759.6 million recorded in the corresponding period of 2025, although it declined slightly as a share of GDP from 2.1 per cent.
Government revenue
Total government revenue increased by 4.1 per cent to €8.91 billion between January and July 2026, compared with €8.56 billion during the same period of 2025.
Cystat said the increase represented an additional €354.1 million in revenue compared with the first seven months of the previous year.
Tax and contribution revenue
Revenue from taxes on income and wealth rose by 7.7 per cent, or €157.5 million, reaching €2.19 billion from €2.03 billion a year earlier.
Social contributions increased by 7.5 per cent, adding €207.2 million to reach €2.98 billion, compared with €2.77 billion in the corresponding period of 2025.
Taxes on production and imports rose by 8.1 per cent, increasing by €217.7 million to €2.9 billion from €2.69 billion.
Within this category, net VAT revenue recorded the largest increase, rising by 14.7 per cent to €2.03 billion from €1.77 billion, an increase of €259.5 million.
Declines in other revenue
Capital transfers fell by €93.1 million to €19.6 million, compared with €112.7 million in the first seven months of 2025.
Revenue from the sale of goods and services declined by 7.3 per cent, falling by €45.1 million to €572.4 million from €617.5 million.
This news item was generated automatically by Cyprus Inform from publicly available materials. Report an error →