Cyprus recorded a government budget surplus of 867.50 EUR Million in the third quarter of 2024. Government Budget Value in Cyprus averaged -73.72 EUR Million from 1995 until 2024, reaching an all time high of 872.80 EUR Million in the third quarter of 2023 and a record low of -1436.90 EUR Million in the first quarter of 2014. source: Statistical Service of the Republic of Cyprus

Related	Last	Previous	Unit	Reference
Fiscal Expenditure	3098.60	3291.40	EUR Million	Sep 2024
Government Budget	3.10	2.70	percent of GDP	Dec 2023
Government Budget Value	867.50	-39.20	EUR Million	Sep 2024
Government Revenues	3966.10	3252.20	EUR Million	Sep 2024
Government Spending	1320.40	1287.40	EUR Million	Sep 2024

Cyprus Government Budget Value

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.