Economy category powered by

Fiscal surplus of €570.2 mn and fiscal debt of 86.5% of GDP for 2022

The Statistical Service has announced a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP.

The above data are the preliminary fiscal results for 2022, which have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.

Moreover, GDP at current prices for the year 2022 has been revised due to revised data of public finance and balance of payments and is estimated at €27,006.4 mn. The annual change at current prices is estimated at 12.4%.

(Source: CNA)

Read More

CBN Young Dragon Awards: Meet the candidates in the Shipping category
CBN Young Dragon Awards: Meet the candidates in the Financial Services category
Siarhei Kostevitch: Cyprus has been ideal as a base for ASBIS's operations
EIB President in Cyprus for inauguration of Bank’s Nicosia office
CBN Young Dragon Awards: Meet the candidates in the Services category
Cyprus supports strengthening of transatlantic ties through positive trade agenda
RoC can become a reliable EU energy arm in East Med, says Energy Minister
Finance Minister and Dutch Ambassador discuss bilateral ties and economy
Cyprus a net recipient of EU funds in '23 says European Court of Auditors member
CySEC chief stresses the need for a Capital Markets Union