The next budget: a deficit of nearly CEK 20 bil

Article Abstract:

Czech Republic: The Ministry of Finances will propose two versions of the 2002 state budget to the government. The first version will count on a deficit of CEK 10 bil and the other version will count on a deficit of CEK 20 bil. The balance of the 2001 budget worsened during Apr 2001. The budget resulted in a deficit of CEK 16.8 bil at the end of Apr 2001 compared to a surplus of CEK 2.4 bil in Mar 2001. Reasons for the deficit were subsidies to building societies and subsidies for the educational system to regional budgets.

Government expenditures, Legislative Bodies, Budget

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CNB lowers its inflation and GDP estimate

Article Abstract:

Ceska narodni banka (CNB) (Czech Republic), central bank, has decreased its estimate of the growth of consumer prices at 3.3-4.4% for 2001. The bank's original estimate was about 0.3% higher. CNB expects Gross Domestic Product to increase by 2.3-3.3% in 2001. Originally, CNB was to see a 1.7-3.7% increase in GDP in 2001.

Gross Domestic Product, Consumer Prices, Statistical Data Included, Brief Article, Ceska narodni banka

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