The government balance sheet remains in deficit, reported the Czech Statistical Office. Title photo: CG / Brno Daily.

Czech Republic, April 7 (BD) – The government balance sheet reached a deficit of CZK 105.2 billion in the fourth quarter of 2021, equivalent to 6.5% of GDP. Revenues stood at 40.3% of GDP, with government spending at 46.8% of GDP. 

The general government debt ratio increased year-on-year by 4.2 percentage points to 41.9% of GDP.

Slight Improvement in Q4 2021

In the fourth quarter of 2021, the general government balance sheet improved by CZK 32.3 billion year-on-year, although all subsectors of the government ended in deficit. 

The largest share in the year-on-year decrease occurred due to central government institutions, whose finances improved by CZK 32.5 billion, ending with a deficit of CZK 77 billion.

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https://www.brnodaily.com/wp-content/uploads/2022/04/money-credit-CG-brno-Daily-1-e1635846506414.jpghttps://www.brnodaily.com/wp-content/uploads/2022/04/money-credit-CG-brno-Daily-1-e1635846506414-150x112.jpgBD StaffCzech Republic / WorldCzech Republic,Economy,NewsThe government balance sheet remains in deficit, reported the Czech Statistical Office. Title photo: CG / Brno Daily. Czech Republic, April 7 (BD) - The government balance sheet reached a deficit of CZK 105.2 billion in the fourth quarter of 2021, equivalent to 6.5% of GDP. Revenues stood at 40.3%...English News and Events in Brno