CR´s state debt falls slightly to Kc1,683bn in Q2 - FinMin


11.07.2014 15:39

Prague - The Czech Republic´s state debt fell by Kc82m to Kc1,683bn in Q2 and it decreased by Kc35m against the end of the year, the Finance Ministry said today.


Vývoj státního dluhu Česka od roku 1993 do 1. pololetí 2014. ČTK rvj

Per capita debt is Kc161,000.

"A more effective use of disposable liquidity in the state coffers enables state debt stabilisation," the ministry said.

The state budget showed a surplus of Kc1.5bn at the end of June, against a deficit of Kc31.5bn in H1 last year, which also helped stabilise the debt.

In Q1, the ministry sold medium-term and long-term bonds for Kc117bn. It expects to sell bonds for up to Kc230bn this year.

State debt increased by Kc16bn to Kc1,683bn last year marking the slowest growth rate since 1996.

The state debt is the debt of the central government and is accrued by state budget deficit accumulation. It is financed by treasury bills, government bonds, direct loans and loans from the European Investment Bank (EIB).

year state debt (in Kc bn)
1993 158.8
1994 157.3
1995 154.4
1996 155.2
1997 173.1
1998 194.7
1999 228.4
2000 289.3
2001 345.0
2002 395.9
2003 493.2
2004 592.9
2005 691.2
2006 802.5
2007 892.3
2008 999.5
2009 1,178.2
2010 1,344.1
2011 1,499.4
2012 1,667.6
2013 1,683.3
H1 2014 1,683.3

Source: Finance Ministry

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