A deficit of pound 142.7 mn for the period of April-June 2026, compared to a deficit of pound 127,9 mn that was recorded during the period of April-June 2025 is indicated in the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT).
Revenue
——–
During the period of April-June 2026, total revenue increased by pound 69.1 mn (2%) and amounted to pound 3,601 mn, compared to pound 3,531.9 mn in the corresponding period of 2025.
In detail, social contributions increased by pound 81.1 mn (6.9%) and amounted to pound 1,258.5 mn, compared to pound 1,177.4 mn in the second quarter of 2025.
Taxes on production and imports increased by pound 94.8 mn (8.3%) and amounted to pound 1,242.3 mn, compared to pound 1,147.5 mn in the corresponding quarter of 2025, of which net VAT revenue increased by pound 140.5 mn (19%) and amounted to pound 879.4 mn, compared to pound 738.9 mn in the corresponding quarter of 2025.
On the contrary, capital transfers decreased by pound 31.1 mn (-26.2%) and amounted to pound 87.6 mn, compared to pound 118.7 mn in the corresponding quarter of 2025.
Revenue from taxes on income and wealth decreased by pound 7.7 mn (-1.3%) and amounted to pound 600.9 mn, compared to pound 608.6 mn in the corresponding quarter of 2025.
Other current transfers decreased by pound 32.2 mn to pound 108.5 mn, from pound 140.8 mn in the second quarter of 2025.
Revenue from the sale of goods and services decreased by pound 12.2 mn (-4.8%) to pound 242.5 mn, from pound 254.7 mn in the corresponding quarter of 2025.
Property income receivable decreased by pound 23.6 mn (-28%) to pound 60.7 mn from pound 84.3 mn in the corresponding quarter of 2025.
Expenditure
———-
During the period of April-June 2026, total expenditure increased by pound 84 mn (2.3%) and amounted to pound 3,743.7 mn, from pound 3,659.8 mn in the corresponding period of 2025.
Specifically, social transfers increased by pound 77.2 mn (5.3%) and amounted to pound 1,540.9 mn, compared to pound 1,463.7 mn in the second quarter of 2025.
Compensation of employees (including imputed social contributions and pensions of civil servants) increased by pound 39 mn (4%) and amounted to pound 1,004.9 mn, compared to pound 965.9 mn in the corresponding quarter of 2025.
Intermediate consumption increased by pound 72.9 mn (20.2%) and amounted to pound 434.6 mn, compared to pound 361.7 mn in the corresponding quarter of 2025.
Property income payable increased by pound 12 mn (6.9%) and amounted to pound 184.9 mn, compared to pound 172.9 mn in the corresponding quarter of 2025.
On the contrary, the capital account decreased by pound 99.4 mn (-24.2%) and amounted to pound 310.9 mn (pound 261.3 mn capital formation and pound 49.6 mn capital transfers), compared to pound 410.3 mn (pound 263.4 mn capital formation and pound 146.9 mn capital transfers) in the corresponding quarter of 2025.
Subsidies decreased by pound 9.1 mn (-28.1%) to pound 23.3 mn, from pound 32.4 mn in the second quarter of 2025.
Other current expenditure decreased by pound 8.6 mn (-3.4%) and amounted to pound 244.2 mn, compared to pound 252.9 mn in the corresponding quarter of 2025.