According to the figures released on October 21 by Eurostat, Cyprus’ deficit stood at 8.9% of the GDP in 2014 while the government debt reached 108.2% of the GDP.
Eurostat has revised upwards the figures for the deficit and debt for both Cyprus (8.8% and 107.5% respectively in April) and for the entire EU and the eurozone. As stated in the Cyprus News Agency, Cyprus recorded in 2014 the highest deficit in the EU and the fourth largest debt ratio.