Czech state budget gap rises to Kc79.4bn in Nov - FinMin

Ministerstvo financí ČR

published: 02.12.2013, 14:10 | updated: 02.12.2013 14:12:23

Prague - The Czech state budget deficit grew to Kc79.4bn in November from Kc47.7bn in October, the Finance Ministry said today.

In November 2011, the state budget deficit amounted to almost Kc78bn.

The deficit of Kc100bn that has been approved for full 2013 is not expected to be exceeded, the ministry said.

Total budget revenues grew by Kc4.1bn year-on-year to Kc965bn at the end of November.

Tax revenues excluding social insurance payments rose by 1.5 percent to Kc489bn. The approved budget reckons with their growth of 2.5 percent.

Excise duty collection generated Kc122.5bn, down by Kc5bn year-on-year, while the approved budget reckons with a rise.

Collection of excise duty on mineral oils and tobacco decreased.

Collection of corporate income tax fell by one tenth to Kc65.2bn. The budget reckons with a fall of 5.5 percent. Plans for this year will most like not be fulfilled, the ministry said.

Total budget expenditures increased by Kc5.6bn to Kc1,044.8bn. Out of this, expenditures on social allowances amounted to about Kc442bn, up by Kc4.5bn year-on-year.

Author:
www.ctk.cz

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