The state budget deficit at the end of April widened to 153.1 billion crowns from 105 billion crowns in March. The Ministry of Finance informed about it today. It is the third deepest April budget deficit, last year it reached a record value of 200 billion crowns. According to Finance Minister Zbyňek Stanjura (ODS), the year-on-year improvement in the balance shows the beginning of economic recovery.
Budget revenues for the first four months of the year reached 591.9 billion crowns, a year-on-year increase of 10.9 percent. Expenditures by the end of April amounted to 745 billion crowns, compared to the same period last year, they increased by 1.5 percent.
This year, the state should manage revenues of 1.94 trillion crowns and expenditures of 2.19 trillion crowns. The planned deficit is 252 billion crowns. Last year, the budget ended with a deficit of 288.5 billion crowns. It was the best result since the beginning of the covid-19 pandemic, but at the same time the fourth deepest deficit in the history of the Czech Republic.
