EU data show that public deficit stood at €891 million or -4.9% of GDP in 2013 compared to €1,130 million or -5.8% of GDP in 2012. A first estimate published last April projected a deficit of 5.4%. 



Public debt in 2013 was €18,519 million or 102.2% of GDP compared to 2012 when it was recorded at €15,431 million or 79.5% of GDP. 



A new methodology used by Eurostat has lead to a shrinking of the debt as a percentage of GDP of 9.5%, the highest in the EU. 



Public revenue in 2013 was up to 36.5% of GDP in 2013 compared to 36.3% in the previous year. 



Public expenditure reached 41.4% of GDP, recording the same percentage as 2012 but an actual drop. 



The Eurostat data also show that Cyprus had contributed a total of €393 million or 2.2% of its GDP towards the bailouts of other troubled countries (Greece, Ireland, Portugal) before it also entered an adjustment programme.

Source: Financial Mirror