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Due to a significant increase of 16% in revenue the General Government’s deficit shrank to €409.1 mn or 1.8% of GDP in 2021 compared to €1,212.8 mn (5.6% of GDP), preliminary fiscal results published by the Statistical Service of Cyprus (CyStat) on Monday show.Expenditure—————–During the period of January- December 2021, total expenditure increased by €560 mn (5.8%) and amounted to €10.284.3 mn, compared to €9,724.3 mn in the corresponding period of 2020.As noted by CyStat, the increase in specific expenditure …
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