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Budget Data Shows Third Largest Deficit on Record

CZECHIA
  • CTK cites the Fiscal Council as saying that the state budget continues to point to a higher structural imbalance in public finances, despite the better-than-expected outturns for 2022. This follows the publication of a CZK360.4bln deficit for 2022, the third largest deficit in history.
  • According to a STEM/MARK survey, 8% of Czech households saw their incomes decline last year, while 50% were unchanged – pointing to broad and widespread negative real income growth across the year.
  • Cabinet convenes for a regular meeting later today, while presidential debates continue. After yesterday’s debate, contenders Nerudova and Pavel debate on denik.cz.
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