Cyprus recorded a Government Budget deficit equal to 4.80 percent of the country's Gross Domestic Product in 2018.

Government Budget in Cyprus averaged -3.04 percent of GDP from 1995 until 2018, reaching an all time high of 3.20 percent of GDP in 2007 and a record low of -9 percent of GDP in 2014. This page provides - Cyprus Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Budget in Cyprus is expected to be 2.70 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Government Budget is projected to trend around 2.40 percent of GDP in 2020, according to our econometric models.

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Cyprus Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-4.80 1.80 3.20 -9.00 1995 - 2018 percent of GDP Yearly

Cyprus Government Budget
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.

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 102.50 95.80 108.00 45.60 percent [+]
Government Budget -4.80 1.80 3.20 -9.00 percent of GDP [+]
Government Budget Value 371.80 94.10 478.20 -1522.40 EUR Million [+]
Government Spending 1008.00 899.30 1008.00 357.30 EUR Million [+]
Government Spending to GDP 44.70 37.40 48.80 30.90 percent [+]
Government Revenues 2435.80 1990.70 2435.80 461.80 EUR Million [+]
Fiscal Expenditure 2064.00 1896.60 3445.80 475.10 EUR Million [+]
Military Expenditure 360.00 357.00 918.00 79.60 USD Million [+]
Credit Rating 50.00 [+]
Asylum Applications 1340.00 1010.00 1340.00 65.00 persons [+]