Business - Economy

Czech Republic: Government Refrains from Fiscal Discipline

Published: March 8, 2014; 10:06 · (Vindobona)

In 2013, the budget deficit was down to 2.7% of GDP from 4.4% of GDP. In the next few years, the European Commission expects a trend reversal.

Czech Republic: Government Refrains from Fiscal Discipline / Picture: © Vindobona.org

Despite higher GDP growth rates, the Czech budget deficits will grow again. This year, the anticipated budget deficit comes at 2.8% of GDP, according to the European Commission. In 2015, the projected budget deficit is 3.3% of GDP.

Due to the loose fiscal policy, the Czech public debt quota grew rapidly in the last few years. After a public debt ratio of 29% in 2008, the figure…

This article includes a total of 98 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Czech Republic: Government Refrains from Fiscal Discipline

In 2013, the budget deficit was down to 2.7% of GDP from 4.4% of GDP. In the next few years, the European Commission expects a trend reversal.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.