Finance ministry cuts funds earmarked for servicing national debt

The Czech Ministry of Finance has cut the estimated cash set aside this year for servicing the state debt. The total has been reduced to 337.4 billion crowns from 342 billion crowns. Last year the total was 311.2 billion crowns. The cut is the result of the latest mid-term economic outlook and April’s macro-economic estimate. The expected public deficit for this year has been set at 70 billion crowns.

Author: Chris Johnstone