Minister: State coronavirus support totals CZK 1.15 trillion

Czech government measures aimed at protecting the economy from the impact of the coronavirus crisis amount to a total of CZK 1.15 trillion, the minister of finance, Alena Schillerová, said on Wednesday. This amounts to 20.8 percent of the country’s gross domestic product.

The latest figures are higher than those presented by the Ministry of Finance at the start of May and follow changes to those original plans, officials said.

Minister Schillerová says the Czech Republic is second only to Germany in direct budget aid. However, Brussels think tank Bruegel says the country offers the lowest support when it comes to the deferral of taxes and levies, and is fourth highest in the case of guarantee schemes.