Bloomberg News

Cyprus’s Fiscal Deficit Widens to 3.3% in January to September

October 26, 2012

Cyprus’s fiscal deficit widened to 582.3 million euros ($751 million) in the first nine months of the year, or 3.3 percent of the economy, from 3.1 percent a year earlier, the finance ministry said.

Revenue fell 1 percent to 4.7 billion euros while spending declined 0.6 percent to 5.3 billion, the Nicosia-based ministry said in a statement on its website today.

The primary deficit, which excludes interest payments, narrowed to 56.6 million euros in the nine month period from 129.2 million euros a year earlier.

To contact the reporter on this story: Stelios Orphanides in Nicosia at sorphanides@bloomberg.net;

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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