Cyprus posts surplus of 9.1 million euros in 2016

11 February 2017
1024 Views

Cyprus posted a surplus of 9.1 million euros in 2016, according to data release on Friday by the Statistical Service of Cyprus.

The budget surplus for January-December 2016 was 9.1 million euros compared with a deficit of 196.4 million euros in the corresponding period of 2015.

The primary balance recorded a surplus of 473.8 million euros compared with a surplus of 299 million euros in 2015.

Total revenue for 2016 amounted to 6.668 billion euros, compared with 6.563 billion euros in 2015, up by 105 million euros.

Direct taxes increased by 2 million euros to 2.123 billion euros, compared with 2.121 billion euros in 2016. Indirect taxes increased by 142 million euros to 2.603 billion euros, compared with 2.460 billion euros in 2015. Revenues from social contributions increased by 46 million euros at 1.028 billion euros, from 982 million euros in 2015.

Total expenses for 2016 decreased by 33 million euros to 6.756 billion euros, from 6.789 billion euros in 2015. Wages and salaries increased by 23 million euros to 1.707 billion euros, compared with 1.684 billion euros in 2015. Payments to social contributions increased by 37 million euros to 1.557 billion euros, compared with 1.521 billion euros in 2015. Pensions were reduced by 22 million euros to 577 million euros and social pensions increased by 1 million euros to 69 million euros.

Current transfers decreased by 94 million euros to 1.436 billion euros compared to 1.529 billion euros in 2015.

You may be interested

Initial Jobless Claims Are (Quite Literally) Off the Charts (infographic)
WORLD
shares34 views
WORLD
shares34 views

Initial Jobless Claims Are (Quite Literally) Off the Charts (infographic)

Panos - Apr 06, 2020

New U.S. labor market data released revealed another massive increase in initial jobless claims for the week ended March 28.…

Gun sales in US spike in the wake of Covid-19 pandemic
WORLD
shares43 views
WORLD
shares43 views

Gun sales in US spike in the wake of Covid-19 pandemic

Panos - Apr 06, 2020

According to government figures, the number of arms purchases in the United States has risen sharply, following a history check…

Greece can become a strong destination, Greek Interior Minister Theodorikakos says
GREECE
shares26 views
GREECE
shares26 views

Greece can become a strong destination, Greek Interior Minister Theodorikakos says

Panos - Apr 06, 2020

“Achieving the Greek government’s goal for as few losses of human lives as possible will have an impact on our…

Leave a Comment

Your email address will not be published.