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 estimates financing requirement at CZK 342bn

The Ministry of Finance estimates that the financing requirement will total CZK 342bn in 2016. This stems from the information made public in the Czech Republic’s Financing Strategy and Government Debt Management for 2016. The FinMin plans to issued medium-term and long-term bonds on the domestic market with the total nominal value of at least CZK 150bn. The financing requirement is expected to drop under 7% of GDP by 2018. In comparison to the medium-term outlook in 2016, financing will drop by ca. CZK 64bn in 2016 and by ca. CZK 31bn in 2017.

Source: www.cianews.cz