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Cyprus posts fiscal deficit in Q2 2015.

Posted on: 8/24/2015 6:24:28 AM under General News

Based on the preliminary data on the General Government accounts for the period April-June 2015, compiled in accordance to EU concepts and definitions, total revenue is estimated at €1,629.0 million (1.4% increase as compared to the corresponding period of 2014), while total expenditure amounted €1,641.2 million (3.3% raise).

The Cyprus` Statistical Service publicized that the state has posted a fiscal deficit of €12.2 million in the second quarter of 2015 in comparison to a €16.8-million surplus in the corresponding period of 2014.

The fiscal deficit in the first quarter is reported at €19 million. The deficit for the first six months of 2015 stands at €31.2 million.

Source: Famagusta Gazette

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