Cyprus reports fiscal surplus and declining public debt

Cyprus has recorded a significant fiscal surplus and a reduction in public debt, according to recent data from the Statistical Service and Eurostat.

For the year 2025, the fiscal surplus reached €1,360.2 million, representing 3.6% of GDP. During this period, total revenues rose by 7.7% to €15,895.2 million, driven by increases in social contributions, income and wealth taxes, and revenues from goods and services. Public debt for 2025 stood at €20,053.2 million, or 52.3% of GDP.

Further data from Eurostat for the second quarter of 2026 shows a seasonally adjusted general government surplus of 3.3% of GDP. During the same period, gross public debt decreased to 48.5% of GDP, amounting to €19,203 billion. This represents a 3.0 percentage point decrease compared to the first quarter of 2026 and a 9.5 percentage point drop from the second quarter of 2025.