Czech Republic: Government Refrains from Fiscal Discipline

Business › Economy ♦ 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…

or Log In

Fast News Search
Related News
Czech Republic: Economic Growth Speeding up (March 6, 2014)
Czech Republic: Ukrainian Crisis Has Little Impact on Economy (March 6, 2014)
CNB Not to Stop Monetary Interventions Just Yet (February 25, 2014)
Dramatic Capital Outflow in CESEE (February 15, 2014)
Czech Republic: CNB Demonstrates Optimism (February 7, 2014)
Read More
Czech Republic, Budget Deficit, Economic Growth, EC European Commission, Public Debt
Featured
See latest Vindobona Newsletter