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Czech Public Debt Growing Rapidly
Politics ♦
Published: September 14, 2012; 19:03 ♦ (Vindobona)
Until the end of the year, public debt is expected to increase to € 63.77bn. At the end of 2011, the public debt level came at € 58.5bn.
Czech Public Debt Growing Rapidly / Picture: © Vindobona.org
Next year, the debt level is anticipated to grow by € 3.9bn, the Czech Ministry of Finance announced in its draft budget proposal. The Ministry plans total expenditures of € 7.125bn. and revenues of € 4.023bn. This year, borrowings are expected to reach € 9.477bn.
At the moment, the public debt level amounts to about 40% of GDP. In the Eurozone, the average debt quota is…
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