Czech budget deficit rises to CZK 200.7 billion in October

The Czech state budget deficit grew by CZK 19 billion in October, reaching CZK 200.7 billion, according to the Ministry of Finance. Although this is the best October result since the COVID-19 pandemic, it remains the fifth deepest in Czech history. Last year’s October deficit was CZK 210.7 billion. Finance Minister Zbyněk Stanjura expects spending pressures in the final two months, partly due to flood damage repairs, but anticipates meeting the projected CZK 282 billion deficit target. By the end of October, budget revenues were CZK 1.602 trillion, up 1.5% year-on-year, while expenditures rose by 0.8% to CZK 1.803 trillion.