Notification of government deficit and debt - 2014

21.10.2015
Code: 050062-15
 

October 2015

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.

-110 145

-160 013

-50 974

-82 956

General government consolidated gross debt (at end of year)

CZK mil.

1 606 492

1 805 955

1 841 878

1 821 327

Gross domestic product (GDP)

CZK mil.

4 022 511

4 041 610

4 077 109

4 260 886

General government deficit in % of GDP

%

-2,74

-3,96

-1,25

-1,95

General government debt in % of GDP

%

39,94

44,68

45,18

42,75

Indicators presented in the table were transmitted to the European Commission (Eurostat) at the end of September 2015. The figures published in the Press release on 1 October 2015 have been confirmed.

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.

 

  • andv102115.docx
  • Annex:
  • Table 1 Notification tables of government deficit and debt, 2011-2014
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Published: 21.10.2015
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