A General Government surplus of €573.3 million or 1.5% of GDP was recorded in the preliminary fiscal results in the period of January-March 2026, which are prepared by CySTAT and were published on Monday.
In comparison, during the same period of 2025 a surplus of €600.6m (1.6% of GDP) was recorded.
Revenue
During the period of January-March 2026, total revenue increased by €194m (5.4%) and amounted to €3,805.9m, compared to €3,611.9m in the corresponding period of 2025.
In detail, revenue from taxes on income and wealth increased by €107.8m (10.9%) and amounted to €1,093.7m, compared to €985.9m in 2025.
Social contributions increased by €86m (7.3%) and amounted to €1,264.6 compared to €1,178.6m in 2025.
Taxes on production and imports increased by €31.5m (2.9%) and amounted to €1,124.4m, compared to €1,092.9m in 2025, of which net VAT revenue increased by €34.6m (4.8%), and amounted to €758.8m, compared to €724.2m in 2025.
Capital transfers increased by €0.6m (13.6%) and amounted to €5m, compared to €4.4m in 2025.
On the contrary, property income decreased by €3.3m (-17.5%) to €15.6m, from €18.9m in 2025.
Revenue from the sale of goods and services decreased by €19m (-7.2%) to €243.8m, from €262.8m in 2025.
Current transfers decreased by €9.6m (-14%) to €58.8m, compared to €68.4m in 2025.
Expenditure
During the period of January-March 2026, total expenditure increased by €221.3m (7.3%) and amounted to €3,232.6m, compared to €3,011.3m in the corresponding period of 2025.
More specifically, intermediate consumption increased by €25.6m (9.2%) and amounted to €303.7m, compared to €278.1m in 2025.
Compensation of employees (including imputed social contributions and pensions of civil servants) increased by €23m (2.4%) and amounted to €974.8m, compared to €971.8m in 2025.
Social benefits increased by €82.3m (6.4%) and amounted to €1,361.2m, compared to €1,278.9m in 2025.
Interest payable increased by €29.9m (41.1%) and amounted to €102.7m, compared to €72.8m in 2025.
Current transfers increased by €58.8m (31.6%) and amounted to €245m, compared to €186.2m in 2025.
The capital account increased by €5.6m (2.5%) and amounted to €229.1m, compared to €223.5m in 2025, of which gross capital formation increased by €7.4m (4.4%) and amounted to €176.6m, compared to €169.2m in 2025 and other capital expenditure decreased by €1.8m (-3.3%) to €52.5m, from €54.3m in 2025.
Subsidies decreased by €3.9m (-19.5%) to €16.1m, from €20m in 2025.
CySTAT noted 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)
