The preliminary General Government fiscal results, which are prepared by CySTAT indicate a surplus of €594.3m (1.5% of GDP) for the period of January-February 2026.
In comparison, a surplus of €663.4m (1.8% of GDP) was recorded during the period of January-February 2025.
Revenue
According to CySTAT, during the period of January-February 2026, total revenue increased by €23.4m (0.9%) and amounted to €2,711.3m, compared to €2,687.9m in the corresponding period of 2025.
In detail, revenue from taxes on income and wealth increased by €32.7m (4%) and amounted to €842.6m, compared to €809.9m in 2025.
Social contributions increased by €17.6m (2.2%) and amounted to €835.1 compared to €817.5m in 2025.
Current transfers increased by €1.4m (3.3%) and amounted to €43.3m, compared to €41.9m in 2025.
On the other hand, taxes on production and imports decreased by €12.8m (-1.6%) to €802.7m, from €815.5m in 2025, of which net VAT revenue increased by €21.7m (3.9%), and amounted to €580.7m, compared to €559m in 2025.
Furthermore, property income decreased by €2.6m (-19.5%) to €10.7m, from €13.3m in 2025.
Revenue from the sale of goods and services decreased by €12.2m (-6.6%) to €173.6m, from €185.8m in 2025.
Capital transfers decreased by €0.7m (-17.5%) to €3.3m, from €4m in 2025.
Expenditure
During the period of January-February 2026, total expenditure increased by €92.5m (4.6%) and amounted to €2,117m, compared to €2,024.5m in the corresponding period of 2025.
In detail, intermediate consumption increased by €1.6m (0.8%) and amounted to €192.5m, compared to €190.9m in 2025.
Compensation of employees (including imputed social contributions and pensions of civil servants) increased by €7.5m (1.2%) and amounted to €644.2m, compared to €636.7m in 2025.
Social benefits increased by €45.5m (5.3%) and amounted to €898.5m, compared to €853m in 2025.
Current transfers increased by €52.1m (38.5%) and amounted to €187.4m, compared to €135.3m in 2025.
The capital account decreased by €11m (-8.4%) to €119.5m, from €130.5m in 2025, of which gross capital formation decreased by €13.3m (-13.5%) to €85.5m, from €98.8m in 2025 and other capital expenditure increased by €2.3m (7.3%) and amounted to €34m, compared to €31.7m in 2025.
Furthermore, interest payable decreased by €0.1m (-0.1%) to €68.1m, from €68.2m in 2025.
Subsidies decreased by €3.1m to €6.8m, from €9.9m in 2025.
CySTAT notes that for a number of entities of the General Government and specifically for the Local Government Subsector, estimates have been produced by the Statistical Service, due to non-submission of sufficient data by the competent authorities.
(Source: CNA)
