Surplus €867,5 mn
The preliminary Basic Authorities fiscal outcomes, that are ready by the Statistical Service of Cyprus (CYSTAT), point out a surplus of €867,5 mn for the interval of July-September 2024, as in comparison with a surplus of €872,8 mn that was recorded in the course of the interval of July-September 2023.
Income
Through the interval of July-September 2024, complete income elevated by €255,7 mn (+6,9%) and amounted to €3.966,1 mn, in comparison with €3.710,4 mn within the corresponding interval 2023.
Intimately, social contributions elevated by €126,2 mn (+13,2%) and amounted to €1.085,5 mn, in comparison with €959,3 mn within the third quarter of 2023.
Income from taxes on earnings and wealth elevated by €157,3 mn (+13,9%) and amounted to €1.288,4 mn, in comparison with €1.131,1 mn within the corresponding quarter of 2023.
Income from the sale of products and companies elevated by €66,9 mn (+30,7%) and amounted to €284,9 mn, in comparison with €218,0 mn within the third quarter of 2023.
Property earnings receivable elevated by €3,9 mn (+14,3%) and amounted to €30,8 mn, in comparison with €26,9 mn within the corresponding quarter of 2023.
Quite the opposite, taxes on manufacturing and imports decreased by €26,5 mn (-2,1%) to €1.215,4 mn, from €1.241,9 mn within the third quarter of 2023, of which web VAT income decreased by €13,1 mn (-1,5%) to €834,0 mn, from €847,1 mn within the corresponding quarter of 2023. Different present transfers decreased by €26,7 mn (-30,9%) to €59,7 mn, from €86,4 mn within the third quarter of 2023. Capital transfers decreased by €45,5 mn (-97,0%) to €1,4 mn, from €46,9 mn within the corresponding quarter of 2023.
Expenditure
Through the interval of July-September 2024, complete expenditure elevated by €261,0 mn (+9,2%) and amounted to €3.098,6 mn, from €2.837,6 mn within the corresponding interval of 2023.
Particularly, social transfers elevated by €100,2 mn (+8,8%) and amounted to €1.235,2 mn, in comparison with €1.135,0 mn within the third quarter of 2023.
Compensation of staff, together with imputed social contributions and pensions of civil servants, elevated by €54,3 mn (+6,5%) and amounted to €892,6mn, in comparison with €838,3 mn within the corresponding quarter of 2023. Different present expenditure elevated by €53,0 mn (+40,3%) and amounted to €184,4 mn, in comparison with €131,5 mn within the third quarter of 2023.
Intermediate consumption elevated by €76,5 mn (+25,3%) and amounted to €379,1 mn, in comparison with €302,6 mn within the corresponding quarter of 2023.
Subsidies elevated by €15,6 mn (+53,2%) and amounted to €44,9 mn, in comparison with €29,3 mn within the third quarter of 2023.
The capital account decreased by €15,6 mn (-5,5%) to €268,3 mn (€225,3 mn capital formation and €43,0 mn capital transfers), from €283,9 mn (€235,6 mn capital formation and €48,3 mn capital transfers) within the corresponding quarter of 2023.
Property earnings payable decreased by €22,9 mn (-19,6%) to €94,1 mn, from €117,0 mn within the third quarter of 2023.
For the Native Authorities sub-sector, estimates have been produced as a consequence of non-submission of enough knowledge by the competent authorities.
Desk
Macroeconomic Aggregates of Basic Authorities
Euro (million)
Change
Fiscal Outcomes
Distinction
(%)
Q3
2023
Q3
2024
Q3 2024/23
Q3 2024/23
Whole Income
3.710,4
3.966,1
255,7
6,9
Taxes on Manufacturing and Imports
1.241,9
1.215,4
-26,5
-2,1
of which VAT
847,1
834,0
-13,1
-1,5
Present Taxes on Revenue and Wealth, and so forth
1.131,1
1.288,4
157,3
13,9
Social Contributions
959,3
1.085,5
126,2
13,2
Different Present Sources
331,2
375,4
44,1
13,3
Property earnings receivable
26,9
30,8
3,9
14,3
Present transfers
86,4
59,7
-26,7
-30,9
Gross sales
218,0
284,9
66,9
30,7
Capital Transfers Acquired
46,9
1,4
-45,5
-97,0
Whole Expenditure
2.837,6
3.098,6
261,0
9,2
Whole Present Expenditure
2.553,6
2.830,3
276,7
10,8
Intermediate consumption
302,6
379,1
76,5
25,3
Compensation of staff
838,3
892,6
54,3
6,5
Social transfers
1.135,0
1.235,2
100,2
8,8
Property earnings payable
117,0
94,1
-22,9
-19,6
Subsidies
29,3
44,9
15,6
53,2
Different present expenditure
131,5
184,4
53,0
40,3
Whole Capital Expenditure
283,9
268,3
-15,6
-5,5
Gross capital formation
235,6
225,3
-10,3
-4,4
Different capital expenditure
48,3
43,0
-5,3
-11,0
Web Lending (+)/Borrowing (-)
872,8
867,5
221,6
% of GDP
2,8%
2,6%
Methodological Data
Information Protection and Methodology
Data is offered for the entire sequence of accounts for the Basic Authorities sector. The income and expenditure are analysed by class and these are labeled between present and capital, respectively. The classes of income and expenditure for Basic Authorities cowl all of the subsectors of the Basic Authorities primarily based on the European System of Accounts 2010 (ESA 2010).
Supply of Information
The information is collected from:
Monetary Data Administration Automation System (FIMAS) for Central Authorities, Additional Budgetary Funds and Social Safety Funds,
Price range execution of Municipalities and Communities,
Price range execution of Semi-Authorities Organisations.
