Czech budget deficit rose by over CZK 50 billion in October

The state budget deficit in November rose to CZK 337.1 billion, up from CZK 286.7 billion in October, according to figures released by the Ministry of Finance on Thursday.

According to Minister Zbyněk Stanjura, the state will maintain the planned deficit of CZK 375 billion for the whole year.

Last year, the deficit was CZK 401.5 billion at the end of November, which was the worst interim result since the establishment of the Czech Republic in 1993.