Business · Cyprus

Cyprus records €552.9 million fiscal surplus in early 2026

2 sourcesFirst reported 22 days agoUpdated 21 days ago

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Cyprus achieved a fiscal surplus of €552.9 million from January to May 2026.
Total government revenue rose by 4.8%, reaching €6.2 billion compared to the previous year.
Higher tax revenues, especially from income and wealth taxes, contributed significantly to the surplus.
Total government expenditure increased by 5.1%, amounting to €5.65 billion in the same period.

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AI summary: catch up in 20 seconds

Cyprus achieved a fiscal surplus of €552.9 million from January to May 2026.
Total government revenue rose by 4.8%, reaching €6.2 billion compared to the previous year.
Higher tax revenues, especially from income and wealth taxes, contributed significantly to the surplus.
Total government expenditure increased by 5.1%, amounting to €5.65 billion in the same period.

Generated by AI from the 2 sources below · always verify with the originals