Cyprus' government debt falls in Q1 2015

New figures from Eurostat show Cyprus' general government gross debt came to 106.8% of GDP in the first quarter of 2015.

That marks a drop of 0.7% compared to the last quarter of 2014.

General government gross debt was recorded in the first quarter of this year at €18.7 billion while in the last quarter of 2014 it was nearly €18.82 billion

The greatest debt as a GDP percentage was recorded in the first quarter of 2015 in Greece (168.8%), Italy (135.1%) and Portugal (129.6%).

On the opposite side of the spectrum the lowest general government gross debt was recorded in Estonia (10.5%), Luxembourg (21.6%) and Bulgaria (29.6%).

Source: Famagusta Gazette