The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of €455,9 mn (1,4% of GDP) for January 2024, as compared to a surplus of €368,6 mn (1,2% of GDP) that was recorded during January 2023.
During January 2024, total revenue increased by €153,0 mn (+13,2%) and amounted to €1.316,0 mn, compared to €1.163,0 mn in the corresponding month of 2023.
In the same month, total expenditure increased by €65,6 mn (+8,3%) and amounted to €860,1 mn, compared to €794,4 mn in the corresponding month of 2023.
