State budget with planned deficit

Published: 01.10.2017 Related countries:  Egypt Egypt

State planned deficit

 


Government approved on September 25, 2017, the bill on Czech Republic´s state budgetin 2018. The budget has been proposed with the planned deficit of CZK 50bn. State budget income is foreseen at CZK 1.3203 trillion and spending at CZK 1.3523 trillion. PM Bohuslav Sobotka has stated that the budget covers higher pensions, salaries, as well as increased spending on science and universities. The proposal includes income from EU budget and the EEA Grants, Norway Grants, Swiss-Czech Crossborder Cooperation Programme and other finanacil mechanisms totalling CZK 70.2bn for the financing of joint programs.

Source: CIANEWS