Czechia's public finance deficit predicted to shrink this year

Czechia's public finance deficit should shrink to 2.2 percent of GDP this year, down from last year's 3.6 percent, the Finance Ministry revealed on Thursday. However, the overall public debt will increase to 45.6 percent of GDP from last year's 43.7 percent, according to the forecast. Finance Minister Zbyněk Stanjura applauded the fact that Czechia would no longer rank among the countries with the fastest-growing debt in the EU.