Cyprus Government Budget

Cyprus recorded a Government Budget deficit equal to 5.20 percent of the country's Gross Domestic Product in 2013. Government Budget in Cyprus is reported by the Eurostat. Government Budget in Cyprus averaged -3.42 Percent of GDP from 1995 until 2013, reaching an all time high of 2.50 Percent of GDP in 2007 and a record low of -6.60 Percent of GDP in 2003. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Cyprus Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-5.20 -4.90 2.50 -6.60 -5.11 | 2014/06 1995 - 2013 Percent of GDP Yearly

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Cyprus Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 86.60 2012-12-31 71.50 86.60 48.90 107.01 2014-06-30 Percent [+]
Government Budget -5.20 2013-12-31 -4.90 2.50 -6.60 -5.11 2014-06-30 Percent of GDP [+]
Government Budget Value -114.60 2013-08-15 -202.90 354.00 -578.90 -110.25 2014-06-30 EUR Million [+]
Government Spending 580.40 2013-11-15 708.30 880.70 360.40 581.78 2014-06-30 EUR Million [+]
Credit Rating 31.25 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Cyprus Tourist Arrivals at 45227.00  
Tourist Arrivals in Cyprus increased to 45227 in February of 2014 from 40675 in January of 2014. Tourist Arrivals in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Unemployed Persons at 71651.00 Thousand  
The number of unemployed persons in Cyprus decreased to 71651 Thousand in the fourth quarter of 2013 from 72660 Thousand in the third quarter of 2013. Unemployed Persons in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Yearly Wage Growth Rate at 2.60 Percent  
Wages in Cyprus increased to 2.60 percent in 2011 from 2.40 percent in 2010. Wages in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Youth Unemployment Rate at 40.50 Percent  
Youth Unemployment Rate in Cyprus decreased to 40.50 percent in December of 2013 from 40.80 percent in November of 2013. Youth Unemployment Rate in Cyprus is reported by the Eurostat.
Cyprus Balance of Trade at -213393.00 EUR Thousand  
Cyprus recorded a trade deficit of 213393 EUR Thousand in February of 2014. Balance of Trade in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Current Account at 184.60 EUR Million  
Cyprus recorded a Current Account surplus of 184.60 EUR Million in the third quarter of 2013. Current Account in Cyprus is reported by the Central Bank of Cyprus.
Cyprus Exports at 106861.00 EUR Thousand  
Exports in Cyprus decreased to 106861 EUR Thousand in February of 2014 from 110791 EUR Thousand in January of 2014. Exports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Imports at 320254.00 EUR Thousand  
Imports in Cyprus decreased to 320254 EUR Thousand in February of 2014 from 381738 EUR Thousand in January of 2014. Imports in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Industrial Production at -6.62 Percent  
Industrial Production in Cyprus decreased 6.62 percent in January of 2014 over the same month in the previous year. Industrial Production in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
Cyprus Inflation Rate at -2.29 Percent  
The inflation rate in Cyprus was recorded at -2.29 percent in March of 2014. Inflation Rate in Cyprus is reported by the Statistical Service of the Republic of Cyprus.
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