Illustrative photo – Minister of Finance Zbyněk Stanjura (ODS) spoke at a press conference to open the celebration of the 30th anniversary of the CNB and the Czech currency, January 16, 2023, Prague.
Prague – Today, the Ministry of Finance will publish information on the development of the state budget for the first two months of the year. Last February, the state ran a deficit of 45.3 billion crowns, but the result was influenced by the provisional budget at the time, which limited state spending. This January, the budget was in a deficit of 6.8 billion crowns.
January budget revenues were 132.3 billion crowns, a year-on-year increase of 5.4 percent. Expenditures reached 139.1 billion crowns, 14.4 percent more year-on-year. It was the third time in the last 15 years that the budget ended with a deficit in January.
According to the approved budget, the state should manage revenues of 1.93 trillion crowns and expenditures of 2.22 trillion crowns this year. The deficit should be 295 billion crowns, but some experts and the opposition warn that it may deepen due to the extraordinary valorization of pensions. Last year, the budget ended with a deficit of 360.4 billion crowns. It was the third highest in the history of the Czech Republic after 2021 and 2020.