Czechia’s state debt reaches record CZK 3.111 trillion

The Czech Republic’s 2023 state budget ended with a deficit of CZK 288.5 billion, Finance Minister Zbyněk Stanjura said on Thursday. It is the best economic result since the start of the Covid-19 pandemic but also the fourth worst result in the country’s history.

Meanwhile, Czechia’s state debt rose to a record CZK 3.111 trillion last year, compared to CZK 2.895 trillion in 2022, the Ministry of Finance announced.