State budget deficit reaches 38.1 billion

The Czech Republic's state budget deficit grew to 38.1 billion Czech crowns from 7.82 billion in March. At the same time last year, it had a deficit of 64.4 billion crowns, the Finance Ministry announced on Monday. The widening of the deficit in April was mainly due to a state contribution to building societies which amounted to 14.8 billion crowns. The ministry expects the full-year deficit to reach some 115 billion crowns.

Author: Dita Asiedu