General Government fiscal results record a surplus of €1,609.7m (4.0% of GDP) for the period of January-September 2026, according to CySTAT.
In a press release on Tuesday, CySTAT says that the preliminary General Government fiscal results, which it prepared, indicate a surplus of €1,609.7m (4.0% of GDP) for the period of January-September 2026, compared to a surplus of €1,167.6m (3.0% of GDP) that was recorded during the period of January-September 2025.
Revenue
Total General Government revenue for the period January- September 2026, amounted to €12,091.8m, recording an increase of €737.9m or 6.5%, compared to €11,353.9m during the corresponding period of 2025.
The increase in total revenue was mainly driven by higher taxes on income and wealth, which reached €3,337.0m, increased by €442.2m (+15.3 %), compared to €2,894.8m in 2025.
At the same time, social contributions increased by €235.0m (+6.6%) and amounted to €3,778.0 compared to €3,543.0m in 2025. A significant increase was also recorded in taxes on production and imports, which amounted to €3,766.0m, increased by €251.5m (+7.2%) compared to €3,514.5m in 2025.
In particular, net Value added Tax (VAT) revenue, after the deduction of refunds, reached €2,638.6m, representing an increase of €293.1m (+12.5%) compared with €2,345.5m in 2025.
On the contrary, capital transfers decreased by €74.6m to €96.7m, from €171.3m in 2025.
Revenue from the sale of goods and services decreased by €7.6m (-1.0%) to €743.5m, compared with €751.1m in 2025. Furthermore, property income decreased by €37.0m (-28.6%) to €92.4m, from €129.4m in 2025.
Current transfers also decreased by €71.6mn (-20.5%) to €278.2mn, from €349.8mn during the corresponding period of the previous year.
Expenditure
Total General Government expenditure for the period January-September 2026 amounted to €10,482.1 million, recording an increase of €295.9 million, or 2.9%, compared with €10,186.2 million during the corresponding period of 2025.
More specifically, intermediate consumption increased by €114.3m (+11.0%) and amounted to €1,158.0m, compared to €1,043.7m in the corresponding period of 2025.
Compensation of employees, including imputed social contributions and pensions of civil servants, increased by €108.3m (+3.8%) to €2,987.8m, from €2,879.5m in 2025.
At the same time, social benefits recorded an increase of €199.6m (+4.9%) reaching €4,268.9m, compared with €4,069.3m during the same period of the previous year.
Interest payable also increased by €8.7m (+2.6%) and amounted to €340.7m, compared to €332.0m in 2025, while current transfers increased by €68.7m (+10.6%) to €714.7m, compared with €646.0m in 2025.
In contrast, expenditure under the capital account declined significantly, falling to €936.2m, from €1,126.1m in the corresponding period of 2025, representing a decrease of €189.9m (-16.9%).
In particular, gross fixed capital formation decreased by €94.1m (-12.1%) to €686.4m, from €780.5m in 2025 and other capital expenditure decreased by €95.8m (-27.7%) to €249.8m, from €345.6m in the previous year.
Furthermore, subsidies declined by €13.9m (-15.5%) amounting to €75.8m, from €89.7m during the corresponding period of 2025.
(Source: CNA)
