According to comprehensive news from WorldWay: The Cyprus Mail reported on August 8 that as of the end of July, the total government debt of Cyprus was €18.56 billion, which is relatively stable compared to the total debt of €18.4 billion at the end of 2013. In June and July, the yield on short-term government bonds in Cyprus continued to decline, with the yield at the end of July being 4.22%, a decrease of 0.26 percentage points from 4.48% at the end of the first quarter of this year, while the yield on long-term government bonds remained stable at around 5.0%.
The execution of public finances was also better than expected, with a government deficit of €22 million in the first quarter, significantly reduced from the previously estimated deficit of €145 million. Total fiscal revenue for the first half of the year was €3.2 billion, consistent with previous estimates, and total fiscal expenditure was also €3.2 billion, maintaining a basic balance between revenue and expenditure.
Edited by WorldWay
