Cyprus Government Budget
Cyprus recorded a Government Budget deficit equal to 5.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Cyprus averaged -3.54 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 in Cyprus is reported by the Eurostat.
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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.