Cyprus cuts debt ratio to 64.3 per cent, among EU’s biggest annual declines

Government debt across the euro area and European Union rose in the first quarter of 2025, while Cyprus recorded one of the largest annual decreases in debt and posted a strong budget surplus .

At the end of the first quarter of 2025, the general government gross debt to GDP ratio in the euro area stood at 88.0 per cent, up from 87.4 per cent at the end of the