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Government To Discuss Budget Draft

CZECHIA
  • The Czech government is scheduled to offer for sale as much as CZK12b ($565m) of local-currency bonds maturing in 2029, 2032 and 2040 (BBG).
  • Yesterday, economic data showed that retail sales decelerated to 2.1% in December (lower than 4.5% expected), down from 9.9% the previous month.
  • Unemployment rate ticked higher to 3.6% in January (up from 3.5% the previous month).
  • Yesterday, CTK news reported that Czech healthcare unions threatened to go on strike over the government’s plans to cut spending for the sector.
  • This morning, Czech government will discuss the draft budget. As a reminder, Czech Finance Ministry Proposed a budget gap of 280bn CZK for 2022 (CTK)

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