Stimulus Plan To Push Budget Deficit Higher

April 2009
Emerging Europe Monitor: Central Europe & Baltic States;Apr2009, Vol. 16 Issue 4, p7
Country Report
The article presents an economic outlook for the Czech Republic for 2009. In January 2009, the Czech Finance Ministry posted a budget surplus of Czech koruna 480 million. Expenditure declined by 5.2% year-on-year while revenue also fell down by 14% year-on-year. Spending growth is expected at 5% as government expenditure is predicted to remain elevated in 2009. It is also predicted that the general budget deficit will increase to 5.2% of gross domestic product (GDP) in 2009.


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