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MF: State-budget deficit at CZK 68.8bn in November

Total revenues of the Czech Republic’s state budget for 2014 amounted to CZK 1.003tn as of November 30. Total expenditures were CZK 1.072tn. This information was provided by the Ministry of Finance (MF) which added that the state-budget deficit amounted to CZK 68.8bn. In the same period of 2013, the deficit totalled CZK 79.4bn. Tax revenues played a role in the year-on-year increase in total revenues by CZK 38.3bn. Of them, VAT collection recorded the highest increase (by CZK 11.2bn).

Source: www.cianews.cz