Fiscal Expenditure in Cyprus increased to 3087.70 EUR Million in the fourth quarter of 2020 from 2288.40 EUR Million in the third quarter of 2020. source: Statistical Service of the Republic of Cyprus

Fiscal Expenditure in Cyprus averaged 1538.11 EUR Million from 1995 until 2020, reaching an all time high of 3445.80 EUR Million in the third quarter of 2018 and a record low of 475.10 EUR Million in the first quarter of 1995. This page provides - Cyprus Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Fiscal Expenditure - values, historical data and charts - was last updated on May of 2021.

Fiscal Expenditure in Cyprus is expected to be 1809.71 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Fiscal Expenditure in Cyprus to stand at 2034.06 in 12 months time. In the long-term, the Cyprus Fiscal Expenditure is projected to trend around 1957.93 EUR Million in 2022 and 1910.42 EUR Million in 2023, according to our econometric models.

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Cyprus Fiscal Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
3087.70 2288.40 3445.80 475.10 1995 - 2020 EUR Million Quarterly
Current Prices, NSA

Cyprus Government Last Previous Highest Lowest Unit
Government Debt to GDP 118.20 94.00 118.20 45.50 percent [+]
Government Budget -5.70 1.50 3.20 -8.80 percent of GDP [+]
Government Budget Value -72.40 -795.10 417.30 -1522.40 EUR Million [+]
Government Spending 1102.20 1087.90 1102.20 414.70 EUR Million [+]
Government Spending to GDP 39.50 43.40 49.40 30.90 percent [+]
Government Revenues 2518.90 2216.00 2534.90 461.80 EUR Million [+]
Fiscal Expenditure 3087.70 2288.40 3445.80 475.10 EUR Million [+]
Credit Rating 50.00 [+]
Military Expenditure 420.00 445.00 980.00 85.00 USD Million [+]
Asylum Applications 790.00 30.00 1340.00 30.00 persons [+]

Cyprus Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.