Notification of government deficit and debt - 2024 (First notification, data notified by Eurostat)
General government sector deficit reached 2.2% of the GDP for the year 2024
Publication Date: 22. 04. 2025
Product Code: 050062-25
“Based on regular consultations, Eurostat verified and validated the general government deficit for the year 2024 in the amount of CZK 177.2 billion and the general government debt in the amount of 43.6% of the GDP,” Helena Houžvičková, Director of the Government and Financial Accounts Department of the Czech Statistical Office (CZSO), stated.
During the verification cycle, for the years 2023 and 2024, only an insignificant modification of interests has been made with an impact on consolidation of relations within the central government subsector. The aforementioned change does not have an influence on relative indicators of the balance and debt in the notification table.
Notification table of government deficit and debt, the Czech Republic, 2021–2024
Unit | Year | ||||
2021 | 2022 | 2023 | 2024 | ||
Net borrowing/lending of general government | CZK mil. | -312 308 | -216 345 | -286 066 | -177 173 |
General government consolidated gross debt | CZK mil. | 2 566 752 | 2 997 632 | 3 234 077 | 3 491 908 |
Net borrowing/lending of general government as % of the GDP | % | -5.0 | -3.1 | -3.8 | -2.2 |
General government consolidated gross debt as % of the GDP | % | 40.7 | 42.5 | 42.5 | 43.6 |
Data for all EU Member States will be published on the Eurostat´s website on Tuesday 22 April 2025 at 11:00 a.m.
Notes
Notification of government deficit and debt is compiled always for the past four years and submitted to the European Commission by each Member State of the European Union always at the end of March and September each year, including a projection for the current year. The projection for the current year is compiled and published by the Ministry of Finance of the Czech Republic. Quantification of fiscal indicators is based on the ESA 2010 methodology and serves the assessment of how the Maastricht convergence criteria are complied with. Pursuant to the Maastricht criteria, the government deficit must not exceed 3% of the GDP and the level of the accumulated government debt must not exceed 60% of the GDP.
Government surplus/deficit is represented by the item B.9 “net borrowing (−) or net lending (+)” in the system of national accounts. The indicator refers to the ability of the general government sector in the given year to finance other sectors of the economy (+) or the need of the general government sector to be financed (−) by other sectors.
The government debt consists of consolidated liabilities of the general government sector in the form of currency and deposits, issued debt securities, and received loans. In case of foreign exchange debt instruments hedged against currency risk, value in CZK is obtained by means of a contractual exchange rate.
Responsible head at the CZSO: Helena Houžvičková, Director of the Government and Financial Accounts Department, phone: (+420) 704 688 734, e-mail: helena.houzvickova@csu.gov.cz
Contact person: Jaroslav Kahoun, Head of the Government Accounts Unit, phone: (+420) 274 054 232, e-mail: jaroslav.kahoun@csu.gov.cz
Next news release will be published on:
1 October 2025