President Nikos Christodoulides said the European Commission’s Spring Forecasts confirm the results of the government’s “responsible and prudent” fiscal policy, with Cyprus expected to record one of the highest growth rates in the European Union in 2026.
In a post on X, the President of the Republic said the first real figures of the year were already confirming the outlook, with preliminary estimates for the first quarter of 2026 placing Cyprus at the top of the EU with a growth rate of 3.0%.
He added that Cyprus was also achieving a significant fiscal distinction, ranking first among EU member states in terms of the projected fiscal surplus, which is estimated at 2.1% of GDP for 2026. Public debt, he said, is continuing on a steady downward path and is forecast to fall to 50.4% in 2026.
Christodoulides said these figures were the result of the government’s responsible and prudent fiscal policy, arguing that fiscal discipline creates the capacity for meaningful and targeted support for households and businesses.
He added that it also allows investment in education, health and the welfare state, while supporting Cyprus’ transition towards a more modern, sustainable and growth-oriented economic model.
“Cyprus above all,” the President conclud
Source: CNA
