Cyprus recorded a Government Budget surplus equal to 3.40 percent of the country's Gross Domestic Product in 2025. Government Budget in Cyprus averaged -2.31 percent of GDP from 1995 until 2025, reaching an all time high of 4.10 percent of GDP in 2024 and a record low of -15.20 percent of GDP in 2012. source: Statistical Service of the Republic of Cyprus

Government Budget in Cyprus is expected to reach 3.00 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Budget is projected to trend around 3.20 percent of GDP in 2027 and 2.70 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Fiscal Expenditure 3445.30 3564.60 EUR Million Sep 2025
Government Budget 3.40 4.10 percent of GDP Dec 2025
Government Budget Value 653.60 -101.40 EUR Million Sep 2025
Government Revenues 4099.00 3463.20 EUR Million Sep 2025
Government Spending 1325.70 1300.00 EUR Million Dec 2025


Cyprus Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 4.10 4.10 -15.20 1995 - 2025 percent of GDP Yearly