{"id":116379,"date":"2025-07-21T20:33:18","date_gmt":"2025-07-21T17:33:18","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=116379"},"modified":"2025-07-21T20:33:18","modified_gmt":"2025-07-21T17:33:18","slug":"cyprus-posts-e619-1-million-government-surplus-in-q1-2025","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/cyprus-posts-e619-1-million-government-surplus-in-q1-2025\/","title":{"rendered":"Cyprus Posts \u20ac619.1 Million Government Surplus in Q1 2025"},"content":{"rendered":"<p data-start=\"258\" data-end=\"588\">Cyprus kicked off 2025 with a healthy budget surplus of \u20ac619.1 million, according to early data from the Statistical Service of Cyprus (CyStat), reported by Stockwatch.com.cy. This marks a growth of 7.5% compared to the \u20ac575.7 million surplus recorded during the same period last year.<\/p>\n<h3 data-start=\"595\" data-end=\"625\"><strong data-start=\"602\" data-end=\"625\">Revenue on the Rise<\/strong><\/h3>\n<p data-start=\"627\" data-end=\"768\">Between January and March 2025, Cyprus\u2019 total government revenue climbed to \u20ac3.64 billion, up \u20ac231.2 million (6.8%) year-on-year.<\/p>\n<p data-start=\"770\" data-end=\"807\">Here\u2019s where that increase came from:<\/p>\n<ul data-start=\"809\" data-end=\"1312\">\n<li data-start=\"809\" data-end=\"931\">\n<p data-start=\"811\" data-end=\"931\">Social Contributions surged by 13.2%, reaching \u20ac1.19 billion, driven by stronger employment and wage growth.<\/p>\n<\/li>\n<li data-start=\"932\" data-end=\"1043\">\n<p data-start=\"934\" data-end=\"1043\">Income &amp; Wealth Taxes rose 7.7%, totalling \u20ac985.9 million, compared to \u20ac915.2 million in Q1 2024.<\/p>\n<\/li>\n<li data-start=\"1044\" data-end=\"1138\">\n<p data-start=\"1046\" data-end=\"1138\">Sales of Goods &amp; Services jumped 26.4% to \u20ac274.6 million, showing robust demand.<\/p>\n<\/li>\n<li data-start=\"1139\" data-end=\"1312\">\n<p data-start=\"1141\" data-end=\"1312\">Taxes on Production &amp; Imports were up by 2.6%, hitting \u20ac1.1 billion, with net VAT making up \u20ac733.2 million of that (a slight increase from \u20ac728.4 million).<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1314\" data-end=\"1347\">However, not all areas saw gains:<\/p>\n<ul data-start=\"1349\" data-end=\"1602\">\n<li data-start=\"1349\" data-end=\"1434\">\n<p data-start=\"1351\" data-end=\"1434\">Other current transfers fell sharply by 44.2%, dropping to \u20ac66 million.<\/p>\n<\/li>\n<li data-start=\"1435\" data-end=\"1510\">\n<p data-start=\"1437\" data-end=\"1510\">Property income receivable slipped by 11.5% to \u20ac18.7 million.<\/p>\n<\/li>\n<li data-start=\"1511\" data-end=\"1602\">\n<p data-start=\"1513\" data-end=\"1602\">Capital transfers also dipped significantly, down 79.7% to just \u20ac2.4 million.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1609\" data-end=\"1654\"><strong data-start=\"1616\" data-end=\"1654\">Government Spending Also Increases<\/strong><\/h3>\n<p data-start=\"1656\" data-end=\"1808\">On the spending side, the government disbursed \u20ac3.02 billion in Q1, up 6.6% compared to the \u20ac2.83 billion spent during the same quarter in 2024.<\/p>\n<p data-start=\"1810\" data-end=\"1831\">Here&#8217;s the breakdown:<\/p>\n<ul data-start=\"1833\" data-end=\"2221\">\n<li data-start=\"1833\" data-end=\"1921\">\n<p data-start=\"1835\" data-end=\"1921\">Social Transfers increased by \u20ac103 million (8.7%), reaching \u20ac1.28 billion.<\/p>\n<\/li>\n<li data-start=\"1922\" data-end=\"2039\">\n<p data-start=\"1924\" data-end=\"2039\">Employee Compensation (including civil service pensions and contributions) rose 6.5% to \u20ac955.5 million.<\/p>\n<\/li>\n<li data-start=\"2040\" data-end=\"2221\">\n<p data-start=\"2042\" data-end=\"2132\">Capital Spending was also higher, rising 33.3% to \u20ac212 million, split between:<\/p>\n<ul data-start=\"2135\" data-end=\"2221\">\n<li data-start=\"2135\" data-end=\"2177\">\n<p data-start=\"2137\" data-end=\"2177\">\u20ac176.8 million for capital formation<\/p>\n<\/li>\n<li data-start=\"2180\" data-end=\"2221\">\n<p data-start=\"2182\" data-end=\"2221\">\u20ac35.2 million for capital transfers<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p data-start=\"2223\" data-end=\"2263\">Smaller increases were also recorded in:<\/p>\n<ul data-start=\"2265\" data-end=\"2378\">\n<li data-start=\"2265\" data-end=\"2314\">\n<p data-start=\"2267\" data-end=\"2314\">Subsidies: +\u20ac1.1 million (to \u20ac36.2 million)<\/p>\n<\/li>\n<li data-start=\"2315\" data-end=\"2378\">\n<p data-start=\"2317\" data-end=\"2378\">Property income payable: +\u20ac0.4 million (to \u20ac72.1 million)<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2380\" data-end=\"2414\">But a few categories saw declines:<\/p>\n<ul data-start=\"2416\" data-end=\"2592\">\n<li data-start=\"2416\" data-end=\"2510\">\n<p data-start=\"2418\" data-end=\"2510\">Intermediate Consumption dropped by \u20ac24 million (-8.1%), down to \u20ac271.1 million.<\/p>\n<\/li>\n<li data-start=\"2511\" data-end=\"2592\">\n<p data-start=\"2513\" data-end=\"2592\">Other operational expenses slipped 1.9%, falling to \u20ac192.8 million.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2599\" data-end=\"2613\"><strong data-start=\"2602\" data-end=\"2613\">Summary<\/strong><\/p>\n<p data-start=\"2615\" data-end=\"2846\">Despite an uptick in government spending, revenues grew even more, allowing Cyprus to post a larger budget surplus than the previous year\u2019s first quarter. The country\u2019s fiscal health appears solid heading into the rest of 2025.<\/p>\n<p data-start=\"2615\" data-end=\"2846\"><em>Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Cyprus kicked off 2025 with a healthy budget surplus of \u20ac619.1 million, according to early data from the Statistical Service of Cyprus (CyStat), reported by Stockwatch.com.cy. This marks a growth of 7.5% compared to the \u20ac575.7 million surplus recorded during the same period last year. Revenue on the Rise Between January and March 2025, Cyprus\u2019 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":116380,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-116379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cyprus Posts \u20ac619.1 Million Government Surplus in Q1 2025 - La Maison Estates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lamaisonestates.com\/ru\/cyprus-posts-e619-1-million-government-surplus-in-q1-2025\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cyprus Posts \u20ac619.1 Million Government Surplus in Q1 2025 - La Maison Estates\" \/>\n<meta property=\"og:description\" content=\"Cyprus kicked off 2025 with a healthy budget surplus of \u20ac619.1 million, according to early data from the Statistical Service of Cyprus (CyStat), reported by Stockwatch.com.cy. 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