FinMin confirms Czech state debt at Kc842.7bn at end-Sept
Czech state debt rose by Kc40.2bn in Jan-Sept this year to Kc842.7bn, and from July it decreased by Kc13.4bn, the Finance Ministry has thus confirmed today its state debt data of the beginning of October.
Per capita debt tops Kc84,000. State debt increased by more than Kc111bn last year.
State debt is the debt of the Czech government accrued by state budget deficit accumulation. State debt is financed through treasury bills, state bonds, direct loans or loans from the European Investment Bank (EIB).
Internal debt grew by Kc38.5bn this year to Kc719.4bn and external debt was Kc1.7bn higher at Kc123.3bn.
Marketable debt stood at Kc803.3bn at end-Sept, down by Kc13.7bn in June to Sept.
Average maturity of state debt rose to 6.5 years.
This year’s strategy of the state debt financing and management shows that the government planned to borrow Kc159.2bn.
But, early in December the Finance Ministry revised the plan downwards to Kc152.8bn owing to better economic performance.
The amount consists of the state budget gap to reach Kc76bn this year against the Kc91.3bn projection, payments to the Czech bail-out agency CKA worth Kc13.3bn, reserve for pensions worth Kc10bn, financing of government bonds worth Kc43bn and installments for loans from the EIB worth Kc1.8bn.
(Czech News Agency)
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