Czech Ministry of Finance: budget balance fell

Published: 03.05.2022 Related countries:  India India

Budget balance fell y/y to CZK 100bn. At the end of April 2022, the state budget ended with a deficit of CZK 100.1bn.

MF: Budget balance fell y/y to CZK 100bn At the end of April 2022, the state budget ended with a deficit of CZK 100.1bn. After adjusting for EU revenues and financial mechanisms, as well as expenditures on these projects, the deficit amounted to CZK 98.6bn. The Ministry of Finance of the Czech Republic (MF) further informed that the economic balance improved by CZK 91.9bn y/y. This was influenced by minor restrictions related to the course of the pandemic. Budget revenues increased by 8.5 % (+ CZK 37.5bn). Tax revenue, including insurance premiums, contributed the most to this (+ 12.6 %, + CZK 47.3bn). The decrease in total expenditures by CZK 54.4bn (-8.6 %) was determined in terms of volume by the development of current expenditures (CZK -44.0bn, -7.4 %).


Source: www.cianews.cz

Zpracoval kolektiv pracovníků zahraniční kanceláře CzechTrade Bengalúru.