Cyprus recorded one of the strongest budget surpluses in the entire European Union in 2024, coming in second only to Denmark and defying the deficit trend seen across the euro area and the wider bloc, according to Eurostat.
The government deficit-to-GDP ratio for the euro area decreased from 3.5 per cent in 2023 to 3.1 per cent in 2024, the statistical office reported.
A similar trend was observed in the
