MF: CZK 6.8bn budget deficit due to energy, debt

(CIANEWS) - At the end of January, the state budget ended in a deficit of CZK 6.8bn. After adjustment for income from the European Union, financial mechanisms, and expenditures on these projects, the deficit totalled CZK 10.8bn. This information was provided by the Czech Ministry of Finance (MF). The year-on-year worsening of the balance by CZK 10.7bn was mainly due to assistance to citizens and companies with high energy prices (up CZK 9.7bn), state-debt administration increased by paying out interest income from anti-inflation state bonds (up CZK 7.9bn) and specifics of last year’s interim budget accompanied by lower pre-financing.



Register newsletter

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