{"id":112806,"date":"2025-05-06T21:13:47","date_gmt":"2025-05-06T18:13:47","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=112806"},"modified":"2025-05-06T21:13:47","modified_gmt":"2025-05-06T18:13:47","slug":"cyprus-kicks-off-2025-with-e580-6m-budget-surplus","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/cyprus-kicks-off-2025-with-e580-6m-budget-surplus\/","title":{"rendered":"Cyprus Kicks Off 2025 With \u20ac580.6M Budget Surplus"},"content":{"rendered":"<p class=\"\" data-start=\"244\" data-end=\"579\">Cyprus has started 2025 on a strong financial footing, posting a budget surplus of \u20ac580.6 million in Q1, which equals 1.6% of the country\u2019s GDP, according to provisional data from the Statistical Service of Cyprus. This marks a slight bump from the same period last year, when the surplus stood at \u20ac575.7 million (1.7% of GDP).<\/p>\n<h3 class=\"\" data-start=\"581\" data-end=\"620\">What\u2019s Boosting Government Revenue?<\/h3>\n<p class=\"\" data-start=\"622\" data-end=\"870\">The biggest push came from social contributions, which surged by \u20ac110.4 million (10.5%) to reach \u20ac1.162 billion. There was also a solid increase in income and wealth tax revenues, up \u20ac70.7 million (7.7%) to \u20ac985.9 million.<\/p>\n<p class=\"\" data-start=\"872\" data-end=\"1244\">Revenue from the sale of goods and services saw a notable jump of \u20ac63.2 million (29.1%), bringing the total to \u20ac280.5 million. Taxes on production and imports also rose slightly by \u20ac29 million (2.7%), landing at \u20ac1.101 billion. Within that, VAT collections remained almost flat, inching up by just \u20ac3.2 million (0.4%) to \u20ac731.6 million.<\/p>\n<h3 class=\"\" data-start=\"1246\" data-end=\"1284\">Declines in Certain Income Streams<\/h3>\n<p class=\"\" data-start=\"1286\" data-end=\"1631\">Not all categories were in the green. The government recorded a steep drop in current transfers, down 40.5% (\u20ac47.9 million) to \u20ac70.4 million. Capital transfers also took a hit, falling by \u20ac9.2 million (78%) to just \u20ac2.6 million, while property income declined slightly by \u20ac1.7 million (8.1%) to \u20ac19.4 million.<\/p>\n<h3 class=\"\" data-start=\"1633\" data-end=\"1660\">Where Did the Money Go?<\/h3>\n<p class=\"\" data-start=\"1662\" data-end=\"1795\">On the spending side, total expenditure reached \u20ac3.042 billion, marking a \u20ac209.5 million increase (7.4%) compared to Q1 2024.<\/p>\n<p class=\"\" data-start=\"1797\" data-end=\"2151\">The largest spending increase came in social benefits, which rose by \u20ac110.3 million (9.4%) to \u20ac1.288 billion. Public sector compensation\u2014which includes salaries and pensions\u2014also climbed by \u20ac57.1 million (6.4%), now totaling \u20ac954.6 million. Interest payments were slightly higher as well, reaching \u20ac72.9 million (up 1.7%).<\/p>\n<p class=\"\" data-start=\"2153\" data-end=\"2452\">On the investment side, capital expenditure jumped by \u20ac59.5 million (38.2%) to \u20ac215.4 million. That includes a \u20ac19.3 million rise in gross capital formation (13%), and a sharp increase in other capital outlays, which climbed from \u20ac7 million in Q1 2024 to \u20ac47.2 million this year.<\/p>\n<h3 class=\"\" data-start=\"2454\" data-end=\"2482\">Minor Cuts in Some Areas<\/h3>\n<p class=\"\" data-start=\"2484\" data-end=\"2772\">A few spending categories saw reductions. Intermediate consumption dropped by \u20ac12.7 million (4.3%) to \u20ac282.4 million, current transfers fell slightly to \u20ac192.7 million (down \u20ac3.9 million or 2%), and subsidies declined by \u20ac2 million (5.2%) to \u20ac36.2 million.<\/p>\n<p data-start=\"2484\" data-end=\"2772\"><em>Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Cyprus has started 2025 on a strong financial footing, posting a budget surplus of \u20ac580.6 million in Q1, which equals 1.6% of the country\u2019s GDP, according to provisional data from the Statistical Service of Cyprus. This marks a slight bump from the same period last year, when the surplus stood at \u20ac575.7 million (1.7% of [&hellip;]<\/p>","protected":false},"author":9,"featured_media":112807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/112806"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=112806"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/112806\/revisions"}],"predecessor-version":[{"id":112808,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/112806\/revisions\/112808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/112807"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=112806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=112806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=112806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}