Cyprus posts €552.9 million surplus, boosted by higher tax revenues

Cyprus recorded a general government fiscal surplus of €552.9 million during the first five months of 2026, according to preliminary figures released by the Cyprus Statistical Service (Cystat) on Tuesday, with higher tax revenues and social contributions offsetting increased public expenditure.

The surplus for the January to May 2026 period was equivalent to 1.4 per cent of GDP, compared with a surplus of €544.5m, or 1.5 per cent of GDP, recorded during the corresponding period of 2025....