Czechia's 2022 Budget Ends With Huge Deficit
The Czech Republic's state budget ended 2022 with a deficit of CZK 360.4 billion (EUR 14.97 billion), the third worst result in the country's history, Finance Minister Zbyněk Stanjura said on Tuesday.
The government originally planned a deficit of CZK 280 billion, but amended the state budget to CZK 375 billion in the fall due to unexpected expenditures, including pension hikes, an energy-saving tariff for households, and increased social benefits.
Last year, Czechia saw a deficit of CZK 419.7 billion, while this year the state plans to run a deficit of CZK 295 billion.
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