-- Bailed-out

#1 von dmt1997325 , 17.05.2018 03:57

April 24 (Xinhua) -- Bailed-out Cyprus generated a fiscal surplus of 64.4 million euros (70 million U.S. dollars) Amari Cooper Jersey , or 0.4 percent of its gross domestic product (GDP), last year after posting fiscal deficits in the previous eight years, the Statistical Service of Cyprus said Monday.

The surplus was the result of a 1.5-percent increase in revenue in 2016 to over seven billion euros and a 2.4-percent drop in spending, mostly in the public payroll, the statistical service said.

The government's latest estimate in October was a fiscal deficit of 0.3 percent in 2016, but the performance of the economy, mainly in the tourist sector and the

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