In 2025 a fiscal surplus of €1,241.5 mn was recorded, which corresponds to 3.4% of GDP and a fiscal debt of €20,078.2 mn, which corresponds to 55% of GDP, according to preliminary fiscal results for 2025, published by the Statistical Service on Wednesday, which have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.
Revenue
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In 2025, total revenue increased by €1,171.4 mn (7.9%) and amounted to €15,921.7 mn, compared to €14,750.3 mn in 2024.
In detail, taxes on production and imports increased by €62 mn (1.3%) and amounted to €4,744.8 mn, compared to €4,682.8 mn in 2024, of which net VAT revenue decreased by €16 mn (-0.5%) to €3,153.6 mn, from €3,169.6 mn in 2024.
Social contributions increased by €385.4 mn (8.5%) and amounted to €4,905.4 mn, compared to €4,520 mn in 2024.
Revenue from taxes on income and wealth increased by €379.1 mn (10%) and amounted to €4,183.8 mn, compared to €3,804.7 mn in 2024.
Other current transfers increased by €89.9 mn (22.9%) and amounted to €483.1 mn, compared to €393.2 mn in 2024.
Revenue from the sale of goods and services increased by €182.3 mn (20.5%) and amounted to €1,072.1 mn, compared to €889.8 mn in 2024.
Capital transfers increased by €35.7 mn (10.6%) and amounted to €372.6 mn, compared to €336.9 mn in 2024.
Property income receivable increased by €37 mn (30.1%) and amounted to €159.9 mn, compared to €122.9 mn in 2024.
Expenditure
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In 2025, total expenditure increased by €1,368.9 mn (10.3%) and amounted to €14,680.2 mn, from €13,311.3 mn in 2024.
Specifically, compensation of employees (including imputed social contributions and pensions of civil servants) increased by €282.8 mn (7.3%) and amounted to €4,160.7 mn, compared to €3,877.9 mn in 2024.
Social transfers increased by €355.7 mn (6.7%) and amounted to €5,659.4 mn, compared to €5,303.7 mn in 2024.
Intermediate consumption increased by €110 mn (7.5%) and amounted to €1,585.7 mn, compared to €1,475.7 mn in 2024.
Other current expenditure increased by €118.1 mn (14%) and amounted to €960.5 mn, compared to €842.4 mn in 2024.
Total capital expenditure increased by €544.1 mn (45.1%) and amounted to €1,749.5 mn (€1,200.9 mn gross capital formation and €548.6 mn other capital expenditure), compared to €1,205.4 mn (€966.1 mn gross capital formation and €239.3 mn other capital expenditure) in 2024.
On the contrary, property income payable decreased by €17.2 mn (-4%) to €417.6 mn, from €434.8 mn in 2024.
Subsidies decreased by €24.6 mn (-14.4%) to €146.8 mn, from €171.4 mn in 2024.
CNA/MCH/EPH/2026
ENDS, CYPRUS NEWS AGENCY
