Czech government’s debt up by CZK 415 billion year-on-year

The nominal debt of Czech government institutions rose by CZK 415.3 billion year-on-year to CZK 3,099 trillion in the first quarter of 2023.

The debt ratio increased in annual terms from 42.8 percent to 44.5 percent of GDP, according to data released by the Czech Statistics Office on Monday.

Compared to the last quarter of 2022, the Czech government’s debt rose by CZK 102.3 billion and the debt ratio by 0.3 percentage points.