PragueConnect.cz - Economy

PragueConnect.cz is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on PragueConnect.cz!

FinMin: State budget deficit totalled CZK 77.8bn

Czech Republic’s total state budget income reached CZK 1.133 trillion in 2014. Spending totalled CZK 1.211 trillion. The treasury deficit totalled CZK 77.8bn. The Ministry of Finance has informed that the result is CZK 3.5bn better than a year ago. The total deficit was CZK 34.2bn lower than stipulated in the budget. Government debt dropped by CZK 19.7bn to CZK 1.663 trillion. Debt service costs dropped by CZK 2.4bn y/y to CZK 48.5bn.

Source: www.cianews.cz