FinMin: State budget ends with CZK 9.2bn deficit in Q1

Published: 02.04.2019 Related countries:  U.S.A. U.S.A.

The total state budget income reached CZK 364.3bn as of March 31, 2019. Expenditures totalled CZK 373.5bn. The end result totalled CZK 9.2bn.

The total state budget income reached CZK 364.3bn as of March 31, 2019. Expenditures totalled CZK 373.5bn. The end result totalled CZK 9.2bn. The information was provided by the Ministry of Finance. At the end of March 2018, surplus of CZK 16.3bn was reported. The y/y comparison is affected adversely by the fact that the state budget received in Q1 2018 extraordinary funds from the EU totalling CZK 20.0bn in Q1 2018. Most tax items had a positive effect, most substantially the 12% VAT collection increase in March. 

Source: www.cianews

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