Budget deficit for 2025 to exceed target

The state budget deficit for this year had reached nearly CZK 275 billion as of 19 December. Meeting the planned full-year deficit target of CZK 241 billion is unlikely, Finance Minister Alena Schillerová (ANO) said on Saturday on the social media platform X. According to the Finance Ministry, the deficit deepened by CZK 49.3 billion in November to CZK 232.4 billion. It was the lowest deficit for November in the past six years, but still the sixth-highest since the establishment of the Czech Republic in 1993.