Notification of government deficit and debt - 2020 (Second notification, data notified by Eurostat)

The deficit for 2020 reached 5.6 % of GDP

21.10.2021
Code: 050062-21
 

Following the regular consultations between Eurostat and the Czech Statistical Office, the data on government balance and government debt as published in the Press release on the 1 October 2021 were confirmed. In 2020, the balance of the Czech government sector reached a deficit CZK 318.0 billion and the government debt CZK 2 149.4 billion.


Notification table of government deficit and debt, the Czech Republic, 2017–2020

 

Unit

Year

2017

2018

2019

2020

Net borrowing/lending of general government

CZK mil.

76 733

49 388

17 859

-318 015

General government consolidated gross debt

CZK mil.

1 749 677

1 734 602

1 739 932

2 149 399

Gross domestic product (GDP), current prices

CZK mil.

5 110 743

5 409 665

5 790 348

5 694 623

Net borrowing/lending of general government as % of GDP

%

1.5

0.9

0.3

-5.6

General government consolidated gross debt as % of GDP

%

34.2

32.1

30.0

37.7

Eurostat has no reservations on the data on the government deficit and debt of the Czech Republic.

Data for all Member States of the EU will be released on the website of Eurostat on 21 October 2021 at 11 a.m.

 

Notes:
Notification of government deficit and debt is compiled always for the past four years and submitted to the European Commission by each Member State of the European Union always at the end of March and September each year, including a projection for the current year. The projection for the current year is compiled and published by the Ministry of Finance of the Czech Republic. Quantification of fiscal indicators is based on the ESA 2010 methodology. Pursuant to the Maastricht criteria, the government deficit must not exceed 3% of the GDP and the level of the accumulated government debt must not exceed 60% of the GDP.

Government surplus/deficit is represented by the item B.9 “net borrowing (−) or net lending (+)” in the system of national accounts. The indicator refers to the ability of the general government sector in the given year to finance other sectors of the economy (+) or the need of the general government sector to be financed (−) by other sectors.

The government debt consists of consolidated liabilities of the general government sector in the form of currency and deposits, issued debt securities, and received loans. In case of foreign exchange debt instruments hedged against currency risk, value in CZK is obtained by means of a contractual exchange rate.

Responsible head at the CZSO: Helena Houžvičková, Director of Government and Financial Accounts Department, phone: (+420) 704 688 734, e-mail: helena.houzvickova@czso.cz
Contact person: Jaroslav Kahoun, Head of Government Accounts Unit, phone: (+420) 274 054 232, e-mail: jaroslav.kahoun@czso.cz
Next News Release will be published on: 1 April 2022

This press release was not edited for language.

 

 

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  • Annex:
  • Table 1 Notification tables of government deficit and debt, 2017-2020
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Published: 21.10.2021
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