A General Government surplus of €552.9m (1.4% of GDP) is indicated for the period of January-May 2026, according to the preliminary General Government fiscal results, prepared by CySTAT and compared to a surplus of €544.5m (1.5% of GDP) that was recorded during the period of January-May 2025.
The results were made public on 30 June.
Revenue
During the period of January-May 2026, total revenue increased by €282.5m (4.8%) and amounted to €6,205.3m, compared to €5,922.8m in the corresponding period of 2025.
In detail, revenue from taxes on income and wealth increased by €115.2m (8.4%) and amounted to €1,488.2m, compared to €1,373m in 2025.
Social contributions increased by €102.2m (5.2%) and amounted to €2,065.2 compared to €1,963m in 2025.
Taxes on production and imports increased by €93.1m (4.9%) and amounted to €1,995.7m, compared to €1,902.6m in 2025, of which net VAT revenue increased by €138m (11%), and amounted to €1,389.6m, compared to €1,251.6m in 2025.
Capital transfers increased by €26.4m and amounted to €38.8m, compared to €12.4m in 2025.
Revenue from the sale of goods and services increased by €9.4m (2.2%) and amounted to €433.2m, compared to €423.8m in 2025.
On the contrary, property income decreased by €24.2m (-26.1%) to €68.5m, from €92.7m in 2025.
Current transfers decreased by €39.6m (-25.5%) to €115.7m, compared to €155.3m in 2025.
Expenditure
During the period of January-May 2026, total expenditure increased by €274.1m (5.1%) and amounted to €5,652.4m, compared to €5,378.3m in the corresponding period of 2025.
In detail, intermediate consumption increased by €52m (9.7%) and amounted to €590.3m, compared to €538.3m in 2025.
Compensation of employees (including imputed social contributions and pensions of civil servants) increased by €47.6m (3%) and amounted to €1,637.8m, compared to €1,590.2m in 2025.
Social benefits increased by €108.2m (4.9%) and amounted to €2,306.2m, compared to €2,198m in 2025.
Interest payable increased by €32.3m (15.7%) and amounted to €238.4m, compared to €206.1m in 2025.
Current transfers increased by €70.5m (19.6%) and amounted to €429.3m, compared to €358.8m in 2025.
The capital account decreased by €26.8m (-6%) to €418.7m, from €445.5m in 2025, of which gross capital formation decreased by €25.4m (-7.2%) to €327.7m, from €353.1m in 2025 and other capital expenditure decreased by €1.5m (-1.6%) to €90.9m, from €92.4m in 2025.
Furthermore, subsidies decreased by €9.6 (-23.2%)m to €31.8m, from €41.4m 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)
