Prague - The Czech Republic´s state debt grew by Kc100m to Kc1,683bn in the first quarter of this year, the Finance Ministry said today.
Přepravní bezpečnostní schránka, bankovní trezor, české bankovky, koruna - ilustrační foto. CTK Horázný Josef, Fotobanka ČTK
Per capita debt thus reaches almost Kc161,000.
"In the course of the first quarter of 2014, the crown value of the gross state debt stabilised at the level from the end of 2013," the Finance Ministry said.
The ministry sold medium-term and long-term bonds worth Kc67bn in Q1. For the entire of this year it plans to sell bonds worth between Kc119bn and Kc230bn.
In 2013, the state debt rose by almost Kc16bn to Kc1,683bn, which was the lowest annual increase 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)|
Source: Finance Ministry