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13° Nicosia,
12 December, 2018
 
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Cyprus: Surplus of 842 million euros in ten months

Government surplus rises to 4.1% of GDP

Yiannis Kafkarides

Following the announcement of a social support package of 100 million euros put together by the government, DISY and DIKO parties, the Cyprus Statistical Service released today preliminary budgetary data that show that in first ten months of 2018 the general government surplus rose to 852.8 million euros.

Fiscal stability must be preserved while social welfare measures are being implemented

The sum corresponds to 4.1% of the GDP. In 2017 the government surplus stood at 495.4 million euros, equivalent to 2.5% of GDP. 

Earlier this week, Finance Minister Haris Georgiades who is credited with this impressive result, reiterated that fiscal stability must be preserved while social welfare measures are being implemented.

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Budget  |  Fiscal  |  Economy  |  Growth  |  Surplus  |  GDP

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