Cyprus posts fiscal surplus of 3.2% of GDP in January – July 2019

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Cyprus posted a fiscal surplus of 695.8 million or 3.2% of GDP for the period of January – July 2019, compared to €488.5 ml in the respective period of last year according to preliminary data published by the Cyprus Statistical Service (Cystat). According to Cystast, total spending rose by 8.7% compared with the respective period of 2018, while total revenue increased by 12.4% year on year. Total expenditure for the first seven months of 2019 recorded an increase of €345,9mn ( 8,7%) as …

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