General Governent deficit at 3.1% of GDP for the first seven months of the year

General Government deficit recorded a decrease for the period of January-July 2021, at €684.9 mn (3.1% of GDP), compared to a deficit of €686.5 mn (3.3% of GDP) that was recorded during the period of January-July 2020, according to the preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT).



During the period of January-July 2021, total expenditure increased by €478.3 mn (+9.2%) and amounted to €5,700.6 mn, compared to €5,222.3 mn in the corresponding period of 2020.

It is noted, that the increase in specific expenditure categories is due to the support measures taken to address the effects of the Covid-19 pandemic.

Source: Cyprus News Agency