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Czech Republic: Lowest Increase in Public Debts in 17 Years

Politics ♦ Published: December 17, 2013; 10:24 ♦ (Vindobona)

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According to the government’s Funding and Debt Management Strategy, public debt should exceed CZK 2,000bn by the end of 2016.

Czech Republic: Lowest Increase in Public Debts in 17 Years / Picture: © Vindobona.org

At the end of September this year public debt amounted to CZK 1,654bn and is expected to rise to CZK 1,681bn at the end of 2013. The Finance Ministry pointed out that the country has managed to keep the increase of public debts at the lowest rate since 1996. Public debt (to GDP) is expected to increase from 43.6 percent to 48.3 percent in 2016. According to EU calculations, the debts…