Cyprus records fiscal deficit 4.8% and public debt 102.5% of GDP in 2018

?he preliminary fiscal results for 2018 indicate a fiscal deficit of Euros 989,6 mn, which corresponds to 4.8% of GDP, and a fiscal debt of Euros 21.258,1 mn, which corresponds to 102.5% of GDP, according to an announcement issued by the Statistical Service.

These results include one-off expenditure valued at Euros 1.725,1 mn that concern the Cyprus Central Bank � Hellenic Bank deal.

Excluding the burden of the deal, the fiscal balance for 2018 records a surplus of Euros 735,5 mn or 3.5% of GDP.

The Statistical Service announces the preliminary fiscal results for 2018 have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.

Source: Cyprus News Agency

Cyprus records fiscal deficit 4.8% and public debt 102.5% of GDP in 2018

?he preliminary fiscal results for 2018 indicate a fiscal deficit of Euros 989,6 mn, which corresponds to 4.8% of GDP, and a fiscal debt of Euros 21.258,1 mn, which corresponds to 102.5% of GDP, according to an announcement issued by the Statistical Service.

These results include one-off expenditure valued at Euros 1.725,1 mn that concern the Cyprus Central Bank � Hellenic Bank deal.

Excluding the burden of the deal, the fiscal balance for 2018 records a surplus of Euros 735,5 mn or 3.5% of GDP.

The Statistical Service announces the preliminary fiscal results for 2018 have been audited and verified within the Excessive Deficit Procedure framework of the European Commission.

Source: Cyprus News Agency