Cyprus general government surplus 4.3% of GDP in first eight months of 2019

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Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. The surplus rose to €924.2mn (4.3% of GDP), as compared to a surplus of €732.6mn for the corresponding period of 2018 (3.5% of GDP).EXPENDITURETotal expenditure for the first eight months of …

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