Czech Public Finance Surplus in 2017

Published: 16.04.2018 Related countries:  India India

Public finance┬┤s surplus at 2017 was equal to 80.6 billion of Czech crowns, which represents 1.59 percent of the Czech Gross Domestic Product (GDP).

 

CZECH PUBLIC FINANCE SURPLUS AT 1.59 PCT OF GDP IN 2017

 

Czech public finances ended 2017 with a surplus of 80.6 billion crowns. That represents 1.59 percent of Czech Gross Domestic Product (GDP).

 

The latest figures is almost double the surplus of 2016 when it represented 0.73 percent of GDP. Finances were in deficit in 2015. The Czech National Bank estimates that this year public finances will improve further with the surplus rising to 1.6 percent of GDP.

 

Last year public sector revenues rose by 6.5 percent, outstripped a 4.2 percent increase in spending.

 

Prepard by the collective of CzechTrade Office in Mumbai with using the source of information.

http://www.radio.cz/en/section/news/czech-public-finance-surplus-at-159-pct-of-gdp-in-2017