Cyprus one of Euroarea's four states with budget surplus in '08.Cyprus Cyprus (sī`prəs), Gr. Kypros, Turk. Kıbrıs, officially Republic of Cyprus, republic (2005 est. pop. 780,000), 3,578 sq mi (9,267 sq km), an island in the E Mediterranean Sea, c.40 mi (60 km) S of Turkey and c. was one of the 4 Euroarea member-states with budget surplus in 2008, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Eurostat, the EU's Statistical service, updated figures released today. Cyprus marked a 158-million-euro budget surplus or 0.9 of Cyprus' GDP GDP (guanosine diphosphate): see guanine. . Figures also show that Cyprus in 2008 achieved a significant reduction of its public debt by 9.9 percentage units or 48.4% compared to 58.3% of 2007. In absolute numbers, Cyprus' public debt declined to 8.347 billion euros compared to 9.262. Public revenues amounted to 43.5% of GDP, while public expenditure rose slightly to 42.6% of GDP compared to 42.2% in 2007. Copyright Financial Mirror. All right reserved. Provided by Syndigate.info an Albawaba.com company |
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