Czech government debt rises by 53.6 billion CZK

The Czech Finance Ministry has confirmed that Czech government debt rose by 53.6 billion CZK (2.7 billion US dollars) in the first six months of 2007 to 856.1 billion CZK (43.2 billion US dollars). According to the ministry, the accumulation of state budget deficits were primarily responsible for the debt. Government debt is currently financed by treasury bills, government bonds, direct loans or loans from the European Investment Bank.