Cyprus posts fiscal surplus of 0.9% of GDP in January-February

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Cyprus posts fiscal surplus of 0.9% of GDP in...
 © In-Cyprus 2020
Cyprus posted a general government fiscal surplus of €212 million or 0.9% of GDP in the first two months of 2020, marking a reduction of 48% compared with the corresponding period of last year.

The general government’s fiscal results were mainly affected by the increased expenditure associated with the introduction of the General National Health System (GesY) which came into force as of 1st March 2019. The preliminary data concern the period before the measures implemented by the Cypriot authorities to prevent the spread of the coronavirus disease.

According to the Cyprus Statistical Service...


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This article was automatically added to our system 31-3-2020

Cyprus posts fiscal surplus of 0.9% of GDP in January-February


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Article Tags: cyprus, posts, fiscal, surplus, january, february,