Monday, 22 January 2018

MF predicts decrease of debt-to-GDP ratio to 31.4% in 2018

CIA News |
27 December 2017

The Ministry of Finance of the Czech Republic (MF) predicts a decrease of the share of the state debt of the Czech Republic to GDP from 33.8% in 2016 to 32.4% in 2017. The ministry intends to continue in the trend also in 2018, when it predicts a decrease to 31.4%.

The total requirement for funding in 2018 reaches CZK 351.6bn including the approved state budget gap in the amount of CZK 50.0bn. The ministry plans to cover the requirement by an issue of state bonds with maturity periods exceeding 5 years.

Issues of mid-term and long-term state bonds on the domestic market are planned in a total nominal value of at least CZK 150bn.