Name: Cyprus Government Spending
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Cyprus,Government Spending,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

Government Spending in Cyprus increased to 1320.40 EUR Million in the third quarter of 2024 from 1287.40 EUR Million in the second quarter of 2024. Government Spending in Cyprus averaged 802.70 EUR Million from 1995 until 2024, reaching an all time high of 1320.40 EUR Million in the third quarter of 2024 and a record low of 415.00 EUR Million in the first quarter of 1995. source: Statistical Service of the Republic of Cyprus

Government Spending in Cyprus is expected to be 1310.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Spending is projected to trend around 1404.00 EUR Million in 2026 and 1448.00 EUR Million in 2027, according to our econometric models.

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 Spending

Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.