Czech GDP income will grow t

Published: 13.05.2020 Related countries:  Czech Republic Czech Republic

FinMin predicts GDP income will grow to CZK 436.3bn.

The Ministry of Finance (MoF) expects the fiscal revenues of the state budget to increase from CZK 535.5bn to CZK 436.3bn in 2020. Among other main indicators, the ministry predicts a decline in social insurance premiums from CZK 566.0bn to CZK 563.8bn. Premiums for public health insurance are expected to reach CZK 255.4bn (2019: CZK 257.2bn) and personal income tax CZK 225.9bn (2019: CZK 254.2bn). Corporate income tax excl. legal person income tax paid by municipalities and regions is expected to fall from CZK 179.4bn to CZK 140.1bn