General Government fiscal results record a surplus of pound 1,609.7 mn (4.0% of GDP) for the period of January-September 2026, according to the Cyprus Statistical Service (CyStat).
In a press release on Tuesday, CyStat says that the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus indicate a surplus of pound 1,609.7 mn (4.0% of GDP) for the period of January-September 2026, compared to a surplus of pound 1,167.6 mn (3.0% of GDP) that was recorded during the period of January-September 2025.
Revenue
Total General Government revenue for the period January- September 2026, amounted to pound 12,091.8 mn, recording an increase of pound 737.9 mn or 6.5%, compared to pound 11,353.9 mn during the corresponding period of 2025.
The increase in total revenue was mainly driven by higher taxes on income and wealth, which reached pound 3,337.0 mn, increased by pound 442.2 mn (+15.3 %), compared to pound 2,894.8 mn in 2025.
At the same time, social contributions increased by pound 235.0 mn (+6.6%) and amounted to pound 3,778.0 compared to pound 3,543.0 mn in 2025. A significant increase was also recorded in taxes on production and imports, which amounted to pound 3,766.0 mn, increased by pound 251.5 mn (+7.2%) compared to pound 3,514.5 mn in 2025.
In particular, net Value added Tax (VAT) revenue, after the deduction of refunds, reached pound 2,638.6 mn, representing an increase of pound 293.1 mn (+12.5%) compared with pound 2,345.5 mn in 2025.
On the contrary, capital transfers decreased by pound 74.6 mn to pound 96.7 mn, from pound 171.3 mn in 2025.
Revenue from the sale of goods and services decreased by pound 7.6 mn (-1.0%) to pound 743.5 mn, compared with pound 751.1 mn in 2025. Furthermore, property income decreased by pound 37.0 mn (-28.6%) to pound 92.4 mn, from pound 129.4 mn in 2025.
Current transfers also decreased by pound 71.6mn (-20.5%) to pound 278.2mn, from pound 349.8mn during the corresponding period of the previous year.
Expenditure
Total General Government expenditure for the period January-September 2026 amounted to pound 10,482.1 million, recording an increase of pound 295.9 million, or 2.9%, compared with pound 10,186.2 million during the corresponding period of 2025.
More specifically, intermediate consumption increased by pound 114.3 mn (+11.0%) and amounted to pound 1,158.0 mn, compared to pound 1,043.7 mn in the corresponding period of 2025.
Compensation of employees, including imputed social contributions and pensions of civil servants, increased by pound 108.3 mn (+3.8%) to pound 2,987.8 mn, from pound 2,879.5 mn in 2025.
At the same time, social benefits recorded an increase of pound 199.6 mn (+4.9%) reaching pound 4,268.9 mn, compared with pound 4,069.3 mn during the same period of the previous year.
Interest payable also increased by pound 8.7 mn (+2.6%) and amounted to pound 340.7 mn, compared to pound 332.0 mn in 2025, while current transfers increased by pound 68.7 mn (+10.6%) to pound 714.7 mn, compared with pound 646.0 mn in 2025.
In contrast, expenditure under the capital account declined significantly, falling to pound 936.2 mn, from pound 1,126.1 mn in the corresponding period of 2025, representing a decrease of pound 189.9 mn (-16.9%).
In particular, gross fixed capital formation decreased by pound 94.1 mn (-12.1%) to pound 686.4 mn, from pound 780.5 mn in 2025 and other capital expenditure decreased by pound 95.8 mn (-27.7%) to pound 249.8 mn, from pound 345.6 mn in the previous year.
Furthermore, subsidies declined by pound 13.9 mn (-15.5%) amounting to pound 75.8 mn, from pound 89.7 mn during the corresponding period of 2025.