Gov’t indebtedness up 2.1 pp to 44.1 % of GDP in 4Q22

(CIANEWS) - The economic balance of the government institutions sector reached a deficit of CZK 103.8bn in 4Q 2022. Year-on-year, this represents a deterioration of CZK 7.0bn. The deficit corresponds to the level of 5.8 % of GDP. The Czech Statistical Office informed about it, stating that the largest share of the result was spent on social benefits. Total sector revenues increased by 9.2 % to 40.3 % of GDP. Expenditures rose by 8.9 % to 46.1 % of GDP. The nominal debt of government institutions increased by CZK 430.4bn to CZK 2,997.1bn. The debt level of the sector increased by 2.1 percentage points to 44.1 % of GDP. Quarter-on-quarter, the debt grew by CZK 13.8bn, which represents an increase in the debt ratio by 0.2 percentage points.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.