Notification of government deficit and debt - 2014

21.04.2015
Code: 050062-15
 

Notification of government deficit and debt is compiled for past four years and submitted to the European Commission by each Member State of the EU at the end of September and March each year under the terms of the Maastricht treaty, including a projection for the current year. Starting from September 2014, quantification of the aggregates is based on the methodology ESA 2010. Pursuant to the Maastricht criteria, fiscal indicators should comply with reference values for a deficit (3% of GDP) and a debt (60% of GDP). The projection of government deficit and debt for the year 2015 is prepared and published by the Ministry of Finance of the Czech Republic.
 

 

Unit

Year

2011

2012

2013

2014

Net borrowing (deficit) of general government (in current year)

CZK mil.

-108 860

-157 889

-47206

-84 558

General government consolidated gross debt (at end of year)

CZK mil.

1 604 009

1 803 585

1 839 726

1 816 137

Gross domestic product (GDP)

CZK mil.

4 022 410

4 047 675

4 086 260

4 266 141

General government deficit in % of GDP

%

-2,71

-3,90

-1,16

-1,98

General government debt in % of GDP

%

39,88

44,56

45,02

42,57


Indicators given in the table were transmitted to the European Commission (Eurostat) at the end of March 2015. On the base of mutual consultation, the deficit 2015 has been revised by 0.02 p.p. downward due to changes in recording of transactions between public corporations and government institutions, and due to the change in recording of the contribution paid to the EU budget.

The European Commission raised no objections against the indicators of government deficit and debt of the Czech Republic.

The projection of government deficit and debt for the year 2015 is compiled and published by the Ministry of Finance of the Czech Republic.
 

 

  •      andv042115.docx
  • Annex:
  • Table 1 Notification tables of government deficit and debt, 2011-2014
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Published: 21.04.2015
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz