MF: State budget showed deficit of CZK 157.4bn

(ČIA) The state budget for January to May 2020 ended with a deficit of CZK 157.4bn. After adjusting for EU revenues and financial mechanisms, as well as expenditures on these projects, the deficit amounted to CZK 163.7bn. Traditionally, the worse budgetary outcome during May was deepened by the slump in economic activity and the effects of government measures to help employment, households and businesses. While in previous years the budget results in May alone ranged in deficits between CZK 20 and 25bn, May 2020 ended in a deficit of CZK 63.7bn. The information was provided by the Ministry of Finance (MF).



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