Cyprus general government records €600 million surplus in first quarter

Cyprus’ general government recorded a surplus of approximately €600 million in the first quarter of 2024, reflecting a 58 per cent increase from the previous year, driven by revenue growth outpacing expenditure, according to a report by the state’s statistical service.

According to the report, preliminary fiscal results for January-March 2024 indicate a general government surplus of €598.3m, reflecting a significant rise when compared to €376.4m in the same period in 2023.

Revenue...