Notification of government deficit and debt - 2014
Publication Date: 21. 10. 2015
Product Code: 050062-15
October 2015
Notification of government deficit and debt is compiled for past four years and submitted to the European Commission by each Member State of the EU at the end of September and March each year under the terms of the Maastricht treaty, including a projection for the current year. Starting from September 2014, quantification of the aggregates is based on the methodology ESA 2010. Pursuant to the Maastricht criteria, fiscal indicators should comply with reference values for a deficit (3% of GDP) and a debt (60% of GDP). The projection of government deficit and debt for the year 2015 is prepared and published by the Ministry of Finance of the Czech Republic.
Unit | Year | ||||
2011 | 2012 | 2013 | 2014 | ||
Net borrowing (deficit) of general government (in current year) | CZK mil. | -110 145 | -160 013 | -50 974 | -82 956 |
General government consolidated gross debt (at end of year) | CZK mil. | 1 606 492 | 1 805 955 | 1 841 878 | 1 821 327 |
Gross domestic product (GDP) | CZK mil. | 4 022 511 | 4 041 610 | 4 077 109 | 4 260 886 |
General government deficit in % of GDP | % | -2,74 | -3,96 | -1,25 | -1,95 |
General government debt in % of GDP | % | 39,94 | 44,68 | 45,18 | 42,75 |
Indicators presented in the table were transmitted to the European Commission (Eurostat) at the end of September 2015. The figures published in the Press release on 1 October 2015 have been confirmed.
The European Commission raised no objections against the indicators of government deficit and debt of the Czech Republic.
The projection of government deficit and debt for the year 2015 is compiled and published by the Ministry of Finance of the Czech Republic.