Economy category powered by

Fiscal surplus of €570.2 mn and fiscal debt of 86.5% of GDP for 2022

The Statistical Service has announced a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.

The above data are the preliminary fiscal results for 2022, which have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.

Moreover, GDP at current prices for the year 2022 has been revised due to revised data of public finance and balance of payments and is estimated at €27,006.4 mn. The annual change at current prices is estimated at 12.4%.

(Source: CNA)

Read More

Makis Kervanos: Sanctions Unit will strengthen financial system protection
Trade deficit up 2.3% in first five months of 2025
Step-by-step: The Foreign Direct Investment screening procedure
Chief Scientist strengthens Cyprus’ innovation standing as regional gateway to Europe during UAE visit
Deputy Shipping Minister promotes Cyprus bid for IMO in London visit
Water from desalination plants in Moni on 22 July
Sklavenitis Cyprus honoured with Invest Cyprus International Investment Award
Marfields Group receives Invest Cyprus International Investment Award
"There is no limit to what we can achieve together," President Christodoulides tells international investors
Eurobank S.A. among top honourees at 13th Invest Cyprus International Investment Awards