• Fri. Jul 10th, 2026

Famagusta Gazette

News From Cyprus

Cyprus posts 1.5% budget surplus in first quarter

ByFamagusta Gazette

May 5, 2026

Cyprus recorded a general‑government surplus equal to 1.5 percent of GDP in the first quarter of 2026, slightly below the 1.6 percent surplus in the same period last year, according to preliminary figures from the Statistical Service.

Total revenue in the quarter rose 5.4 percent, while total expenditure increased 7.3 percent, the agency said.

Famagusta Gazette