Cyprus recorded a government budget surplus of 449.40 EUR Million in the first quarter of 2019. Government Budget Value in Cyprus averaged -106.48 EUR Million from 1995 until 2019, reaching an all time high of 449.40 EUR Million in the first quarter of 2019 and a record low of -1522.40 EUR Million in the first quarter of 2014. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides – Cyprus Government Budget Value – actual values, historical data, forecast, chart, statistics, economic calendar and news.