State budget surplus in July rises to 75.6 billion

The Finance Ministry saw the state budget surplus rise to 75.6 billion crowns in July from 41 billion the previous month – the best July result since the founding of the Czech Republic in 1993, the ministry reported on Monday in a press release. Last year, the surplus registered in July was 25.7 billion crowns. The state budget for this year is counting on a deficit of 70 billion crowns. The ministry credited the surplus rise to record tax revenues.

Author: Jan Velinger