The General Government fiscal results for the third quarter of 2025 show a surplus of pound 653.6 mn.
According to the Statistical Service of Cyprus, the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of pound 653.6 mn for the period of July-September 2025, as compared to a surplus of pound 871 mn that was recorded during the period of July-September 2024.
Revenue
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During the period of July-September 2025, total revenue increased by pound 104.2 mn (+2.6%) and amounted to pound 4,099 mn, compared to pound 3,994.8 mn in the corresponding period of 2024.
In detail, social contributions increased by pound 62.5 mn (+5.7%) and amounted to pound 1,151.2 mn, compared to pound 1,088.7 mn in the third quarter of 2024.
Revenue from taxes on income and wealth increased by pound 10.9 mn (+0.8%) and amounted to pound 1,299.3 mn, compared to pound 1,288.4 mn in the corresponding quarter of 2024.
Taxes on production and imports increased by pound 7.1 mn (+0.6%) and amounted to pound 1,264.3 mn, compared to pound 1,257.2 mn in the third quarter of 2024, of which net VAT revenue increased by pound 40.2 mn (+4.8%) and amounted to pound 886.4 mn, from pound 846.2 mn in the corresponding quarter of 2024.
Property income receivable increased by pound 3 mn (+13.5%) and amounted to pound 25.3 mn, compared to pound 22.3 mn in the third quarter of 2024.
Capital transfers increased by pound 6 mn and amounted to pound 10.8 mn, compared to pound 4.8 mn in the corresponding quarter of 2024. Revenue from the sale of goods and services increased by pound 15.1 mn (+6.1%) and amounted to pound 260.9 mn, compared to pound 245.8 mn in the third quarter of 2024.
On the contrary, other current transfers decreased by pound 0.4 mn (-0.5%) to pound 87.2 mn, from pound 87.6 mn in the corresponding quarter of 2024.
Expenditure
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During the period of July-September 2025, total expenditure increased by pound 321.5 mn (+10.3%) and amounted to pound 3,445.3 mn, from pound 3,123.8 mn in the corresponding period of 2024.
Specifically, social transfers increased by pound 97.8 mn (+7.9%) and amounted to pound 1,334.6 mn, compared to pound 1,236.8 mn in the third quarter of 2024.
Compensation of employees (including imputed social contributions and pensions of civil servants) increased by pound 50.5 mn (+5.6%) and amounted to pound 955.6 mn, compared to pound 905.1 mn in the corresponding quarter of 2024.
Intermediate consumption increased by pound 4.5 mn (+1.2%) and amounted to pound 382 mn, compared to pound 377.5 mn in the third quarter of 2024.
The capital account increased by pound 223.7 mn (+84.2%) and amounted to pound 489.3 mn (pound 321 mn capital formation and pound 168.3 mn capital transfers), compared to pound 265.6 mn (pound 226.5 mn capital formation and pound 39.1 mn capital transfers) in the corresponding quarter of 2024.
On the contrary, property income payable decreased by pound 26.1 mn (-25.7%) to pound 75.3 mn, from pound 101.4 mn in the third quarter of 2024.
Other current expenditure decreased by pound 16.1 mn (-8.6%) to pound 171.2 mn, from pound 187.3 mn in the corresponding quarter of 2024. Subsidies decreased by pound 12.6 mn (-25.3%) to pound 37.3 mn, from pound 49.9 mn in the third quarter of 2024.