Cyprus | Tax revenue (current LCU)
Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source
Cyprus | Tax revenue (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
60330716.894993 1972
75537269.723241 1973
62056404.350783 1974
58792975.597754 1975
69147100.332494 1976
95647508.688238 1977
117517607.13785 1978
152800226.90227 1979
192098060.05392 1980
206450312.16148 1981
249387466.38327 1982
299210284.4138 1983
368630760.97691 1984
419290793.71371 1985
456828767.38075 1986
496741697.0513 1987
592918872.18636 1988
707873577.16215 1989
1345192949.237 1990
1325867058.2152 1991
1636511780.8183 1992
1860073221.0678 1993
2217135113.95 1994
2418525340.268 1995
2432535872.0873 1996
2448938445.9245 1997
2835253231.8196 1998
3133745903.628 1999
3764732415.9283 2000
4154122684.4179 2001
4349074108.8789 2002
4831754016.0677 2003
5168006779.7305 2004
5867508209.8299 2005
6646288746.8092 2006
8504221954.1616 2007
8753165184.1702 2008
4341900000 2009
4486600000 2010
4597100000 2011
4549200000 2012
4243300000 2013
4321000000 2014
4315100000 2015
4471300000 2016
4838400000 2017
5197549000 2018
5400300000 2019
4909600000 2020
5791500000 2021
2022
Cyprus | Tax revenue (current LCU)
Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source