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!

CNB: Public finance deficit to reach zero in 2017

The public finance deficit to GDP will show a zero level in 2017. This is predicted by the Czech National Bank (CNB). The public finance deficit will likely reach -0.5% of GDP in 2016 after -1.3% of GDP in 2015. The total public debt to GDP will likely decrease to 39.7% in 2016 and 38.4% in 2017. The nominal public debt in current prices will grow to CZK 1,860bn in 2016 and 1,879bn in 2017.

Source: www.cianews.cz