|
Surplus
€455,9 mn 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.  Revenue 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 detail, revenue from taxes
on income and wealth increased by €99,0 mn (+22,4%) and amounted to €540,5
mn, compared to €441,5 mn in 2023. Social contributions increased by €42,3 mn
(+14,1%) and amounted to €343,1 mn, compared to €300,8 mn in 2023. Current
transfers increased by €2,9 mn (+25,5%) and amounted to €14,1 mn, compared to
€11,2 mn in 2023. Revenue from the sale of goods and services increased by
€3,6 mn (+7,2%) and amounted to €53,3 mn, compared to €49,7 mn in 2023.
Property income increased by €3,5 mn (+48,6%) and amounted to €10,6 mn,
compared to €7,1 mn in 2023. Capital transfers increased by €2,1 mn and
amounted to €4,0 mn, compared to €1,9 mn in 2023. On the contrary, taxes on
production and imports decreased by €0,3 mn (-0,1%) to €350,5 mn, from €350,8
mn in 2023, of which net VAT revenue decreased by €22,1 mn (-8,4%) to €241,3
mn, from €263,4 mn in 2023. Expenditure During January 2024, 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. In detail, social benefits
increased by €38,1 mn (+11,6%) and amounted to €365,6 mn, compared to €327,5
mn in 2023. Compensation of employees (including imputed social contributions
and pensions of civil servants) increased by €41,5 mn (+16,2%) and amounted
to €297,3 mn, compared to €255,8 mn in 2023. Intermediate consumption
increased by €0,4 mn (+0,5%) and amounted to €76,3 mn, compared to €75,9 mn
in 2023. The capital account increased
by €3,1 mn (+15,4%) and amounted to €23,4 mn, compared to €20,3 mn in 2023,
of which gross capital formation increased by €4,3 mn (+20,0%) and amounted
to €25,8 mn, compared to €21,5 mn in 2023. On the contrary, subsidies
decreased by €6,8 mn (-61,3%) to €4,3 mn, from €11,1 mn in 2023. Current
transfers decreased by €4,0 mn (-6,5%) to €58,1 mn, from €62,1 mn in 2023.
Interest payable decreased by €6,6 mn (-15,9%) to €35,1 mn, from €41,7 mn in
2023.
Methodological
Information Data Coverage and Methodology Information is provided for the
whole sequence of accounts for the General Government sector. The revenue and
expenditure are analysed by category and these are classified between current
and capital, respectively. The categories of revenue and
expenditure for General Government cover all the subsectors of the General
Government based on the European System of Accounts 2010 (ESA 2010). Source of Data The data is collected from: - Financial Information
Management Automation System (FIMAS) for Central Government, Extra Budgetary
Funds and Social Security Funds, - Budget execution of
Municipalities and Communities, - Budget execution of
Semi-Government Organisations. For the completion of the
estimates, any methodological adjustments or corrections based on the
European System of Accounts 2010 (ESA 2010) are taken into account. For more information visit
CYSTAT Portal, subtheme Public Finance, Predefined Tables (Excel) or contact Ms Michael Panayiota
at telephone 22602186 or via e-mail at pmichael@cystat.mof.gov.cy. (AP/EP) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
