Czech Republic recorded a Government Budget surplus equal to 0.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in Czech Republic averaged -3.02 percent of GDP from 1995 until 2019, reaching an all time high of 1.50 percent of GDP in 2017 and a record low of -12.40 percent of GDP in 1995. This page provides - Czech Republic Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Czech Republic is expected to reach -6.90 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Government Budget is projected to trend around -4.30 percent of GDP in 2021 and -3.10 percent of GDP in 2022, according to our econometric models.

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Czech Republic Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.90 1.50 -12.40 1995 - 2019 percent of GDP Yearly

Czech Republic Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.80 32.60 44.90 11.60 percent [+]
Government Budget 0.30 0.90 1.50 -12.40 percent of GDP [+]
Government Budget Value -22411.13 -25196.92 45869.48 -79160.00 CZK Million [+]
Government Spending 246.35 250.13 250.13 168.75 CZK Billion [+]
Government Spending to GDP 41.90 41.20 52.90 39.50 percent [+]
Government Revenues 128891.12 112314.17 171709.74 16874.00 CZK Million [+]
Government Debt 1740468.00 1734626.00 1840412.00 211777.00 CZK Million [+]
Fiscal Expenditure 151302.25 137511.09 196776.00 9364.00 CZK Million [+]
Military Expenditure 2446.00 2078.00 3166.00 1846.00 USD Million [+]
Credit Rating 83.00 [+]
Asylum Applications 15.00 40.00 200.00 15.00 persons [+]

Czech Republic Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.