Statisticians: Czechia’s public deficit was 3.6 percent of GDP in 2022

Czechia’s public deficit for 2022 lay at 3.6 percent of GDP, an improvement when compared to to the 5.1 percent registered in the previous year. Meanwhile, government debt rose from 42 to 44.1 percent of GDP during the same period, the Czech Statistics Agency announced on Monday.

Government agencies ended the year with an overall deficit of CZK 247.5 billion, an improvement by some CZK 63.1 billion when compared to the previous year. This was largely caused by the management of central government institutions. Meanwhile, institutions on the local level such as regions and districts operated with a surplus of CZK 52.8 billion.