Mediafax (Mediafax)
Macroeconomics  |  November 01, 2012 15:12:44

Budget deficit in October reached 51.3 billion crowns, fell by more than 40 billion


PRAGUE (MEDIAFAX) - The state has spent the past ten months by 51.3 billion more than picked. October balance cash-state deficits in the amount of 51.3 billion crowns a year earlier, the deficit of 40.2 billion higher, then reached 91.5 billion crowns, reported on Thursday, the Ministry of Finance.

Deputies approved budget envisages a deficit of 105.3 billion crowns. During the ten months realistically achieved less than half (48.7 percent) of the value. In October alone, the deficit decreased by 20.1 billion. The successful results of the October payment had merit recovery of money from the European Union, the Czech Republic has sent over 22 billion. "Together with the 14.4 billion crowns, which were transferred from the privatization revenue account to the public Treasury Administration chapter to offset the deficit of the pension system deficit, are the main factors thatoperates on a relatively positive outcome of the state budget, "explained the ministry. Even so, according to him, threatens to lead the approved budget to meet." Due to the timing difference of payments from European funds and requests of each chapter, "said resort.

State expenditures rose by 8.8 billion crowns. The state chose to value added tax, the reduced rate in January rose by four percentage points to 14 percent, has 174.9 billion crowns, which is about 5.3 billion (3.1 percent) more than last year. Budget but expected to rise by 15.5 percent compared to 2011. For low-rise is under the Ministry of the decline in consumption and legislative changes. "The causes leading to a reduction in household consumption is considered to be mainly precautionary reason consumers when these consumers, fearful of future developments in the Czech Republic and Europe prefer to postpone consumption 'non-essential'goods or services, "repeats resort by the reduced consumption of goods not in the lower rate. Ministry anticipates further improvement in the end.

Jan Drahorád, drahorad@mediafax.cz

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Schodek rozpočtu v říjnu dosáhnul 51,3 miliardy korun, meziročně klesl o více než 40 miliard

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