Cyprus posts €1.43 billion surplus, up 115 per cent from last year

Cyprus recorded a general government surplus of €1.43 billion , equivalent to 4.2 per cent of GDP , between January and October 2024, according to a report from the statistical service.

This was more than double the surplus of €664.8 million , or 2.1 per cent of GDP, reported for the same period in 2023 .

According to the report, this increase was driven by significant revenue growth and a