The preliminary General Government fiscal results, which are prepared by CySTAT, indicate a surplus of €840.6m (2.4% of GDP) for the period of January-July 2025. The surplus that was recorded during the period of January-July 2024 was of €911.7m (2.7% of GDP).
During the period of January-July 2025, the total revenue increased by €391.7m (+4.8%) and amounted to €8,495.1m, compared to €8,103.4m in the corresponding period of 2024.
In detail, revenue from taxes on income and wealth increased by €164.2m (+8.8%) and amounted to €2,033.5m, compared to €1,869.3m in 2024.
Social contributions increased by €234.3m (+9.2%) and amounted to €2,769.3m, compared to €2,535.0m in 2024. Property income increased by €54.4m and amounted to €113.0m, compared to €58.6m in 2024.
Taxes on production and imports increased by €18.5m (+0.7%) and amounted to €2,769.9m, compared to €2,751.4m in 2024, of which net VAT revenue increased by €33.9m (+1.9%) and amounted to €1,840.7m, compared to €1,806.8m in 2024.
Revenue from the sale of goods and services increased by €0.6m (+0.1%) and amounted to €582.3m, compared to €581.7m in 2024.
On the contrary, current transfers decreased by €43.9m (-18.3%) to €196.4m, from €240.3m in 2024. Capital transfers decreased by €36.4m (-54.2%) to €30.7m, from €67.1m in 2024.
Total expenditure during the period of January-July 2025, increased by €462.8m (+6.4%) and amounted to €7,654.5m, compared to €7,191.7m in the corresponding period of 2024.
In detail, compensation of employees (including imputed social contributions and pensions of civil servants) increased by €144.6m (+6.9%) and amounted to €2,240.9m, compared to €2,096.3m in 2024.
Social benefits increased by €201.6m (+6.7%) and amounted to €3,203.1m, compared to €3,001.5m in 2024.
Intermediate consumption increased by €52.1m (+7.1%) and amounted to €789.5m, compared to €737.4m in 2024.
Interest payable increased by €1.7m (+0.6%) and amounted to €283.5m, compared to €281.8m in 2024.
The capital account increased by €109.5m (+22.3%) and amounted to €601.2m, compared to €491.7m in 2024, of which gross capital formation increased by €82.4m (+20.1%) and amounted to €491.8m, compared to €409.4m in 2024 and other capital expenditure increased by €27.1m (+32.9%) and amounted to €109.4m, compared to €82.3m in 2024.
On the contrary, current transfers decreased by €35.1m (-7.2%) to €453.5m, from €488.6m in 2024.
Subsidies decreased by €11.6m (-12.3%) to €82.8m, from €94.4m in 2024.
CySTAT noted that ιit produced estimates for a number of entities of the General Government and specifically for the Local Government Subsector, due to non-submission of sufficient data by the competent authorities.
(Source: CNA)
