Notification of government deficit and debt - 2015

21.04.2016
Code: 050062-16
 

April 2016

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 the 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 forecast of government deficit and debt for the year 2016 is prepared and published by the Ministry of Finance of the Czech Republic.

 

Unit

Year

2012

2013

2014

2015

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

CZK mil.

-159 552

-51 129

-83 063

-18 682

General government consolidated gross debt (at end of year)

CZK mil.

1 805 429

1 840 412

1 819 038

1 836 166

Gross domestic product (GDP)

CZK mil.

4 041 610

4 077 109

4 260 886

4 472 324

General government deficit in % of GDP

%

-3.95

-1.25

-1.95

-0.42

General government debt in % of GDP

%

44.67

45.14

42.69

41.06

Indicators presented in the table were transmitted to the European Commission (Eurostat) at the end of March 2016. The figures published in the Press release on 1 April 2016 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 2016 is compiled and published by the Ministry of Finance of the Czech Republic.
 

 

  • andv042116.docx
  • Annex:
  • Table 1 Notification tables of government deficit and debt, 2012-2015
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Published: 21.04.2016
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