Trinity Bank: Deficit of CZK 450bn cannot be ruled out

(CIANEWS) - A full-year state budget deficit this year of up to CZK 450bn cannot be ruled out if the government continues borrowing at the same pace. This was stated by Lukáš Kovanda, chief economist of Trinity Bank. Optimistically, however, a deficit of roughly CZK 350bn can be expected. The reason is the expected incoming funds from extraordinary taxes or the relatively high dividend of ČEZ. In addition, Finance Minister Zbyněk Stanjura is planning additional extraordinary cuts in the range of tens of billions of crowns for the second half of the year, beyond the proposals contained in the recently submitted consolidation package.



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