Coronavirus: Government deficit inflated by lockdown
The general government deficit – the balance of income and expenditure – at the end of May came to €528.8m (or 2.6 per cent of...
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Q1 current account flips to a €721m gap, central bank says
The Central Bank of Cyprus said that Cyprus’s current account deficit posted a €721.1m deficit in the first three months of the year compared to...
UK public finances worsen in September, adding to Hammond’s budget headache
Britain’s public finances showed a much bigger-than-expected deficit in September, a setback for Chancellor Philip Hammond as he prepares to deliver the country’s first budget...
Current account posts a €457m gap in Q2, CBC says
Cyprus’s current account posted a €456.8m deficit in the second quarter of the year compared to a €69.6m surplus in the respective quarter of 2015,...
Government posts €92m deficit in January to July, Cystat says
In the first seven months of the year the government generated a fiscal deficit of €92m on a cash basis, compared to a surplus of...
Government fiscal gap on cash basis widens to €43.7m in H1, finance ministry says
The government generated a fiscal deficit of €43.7m on a cash basis in the first six months of the year, compared to a €31.2m deficit...
Last ‘austerity budget’ cleared
By Elias Hazou PARLIAMENT gave the nod to the 2016 state budget late on Thursday night, the last one to be submitted during the economic...
Economy generates a €95.1m balance of payment deficit in Q1
By Stelios Orphanides Cyprus generated a €95.1m current account deficit in the second quarter of 2015 compared to a surplus of €210.8m a year before,...
Cyprus’ deficit drops, public debt rises
Cyprus’ deficit shrank in 2013 while the public debt increased compared with 2012, the EU’s statistical service, Eurostat, said on Wednesday. According to Eurostat data,...
GDP to contract ‘profoundly’ in 2013 and 2014
The island’s GDP is expected to “profoundly contract” in both 2013 and 2014, with the recession coming to an end in 2015, the European Commission...
State aims to save €700m in 2014
By Stefanos Evripidou THE GOVERNMENT aims to reduce state spending by 10 per cent in 2014, and reduce the public deficit without imposing new...
In Britain, economic recovery increases PM Cameron’s political capital
By Guy Faulconbridge and Andrew Osborn British Prime Minister David Cameron may be close to pulling off one of the most significant feats of his...
