MF: State budget’s deficit at CZK 231.1bn in August

(CIANEWS) - At the end of August, the state budget ended in a deficit of CZK 231.1bn. After adjustments for income from the European Union and financial mechanisms, as well as for expenditures for these projects, the deficit totalled CZK 218.0bn. This information was provided by the Czech Ministry of Finance (MF). In year-on-year terms, the balance for the first eight months of 2022 improved by CZK 66.9bn. Budget income grew 8.1% (up CZK 77.0 bn). Year on year, total expenditures increased CZK 10.1bn (up 0.8%). Common expenditures were CZK 6.3bn lower year on year (down 0.5%), despite the increase in living and subsistence minimum, housing benefits, extraordinary adjustment of pensions and other social benefits and expenditures related to refugee assistance. On the other hand, capital expenditures grew CZK 16.3bn (up 19.4%).



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