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Czech Budget Deficit Shrinks
Politics ♦
Published: November 23, 2013; 13:05 ♦ (Vindobona)

Despite the unfavorable macro-economic develoment, the Czech Republic´s budget deficit was down slightly. This is mainly due the the better tax collection, the Czech Statistical Office (CSU) reports.

State budget (according to cash fulfilment) finished at the end of first half of 2013 with the lowest deficit since the beginning of the deep economic recession (-31.5 bn crowns). The development of the last three years confirmed the trend towards a gradual consolidation of public finances. In the last three years (mostly due to the indirect effect of legislative amendments in the tax…
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