The State Budget Still in Surplus in November

After November, the state balance continues to be in surplus. Revenues were higher than expenses by CZK 12.8bn. However, the November’s stand alone figure is a deficit of CZK 14.4bn. This lowered the yearly surplus of public finances as did the figures for October. A total deficit of CZK 91.3bn was projected for the full year of 2007. But current results indicate a significantly better outcome. Expenses are regularly greater than revenues in December, but they shouldn't be high enough to push the balance to a CZK 90bn deficit. Should state finances show a pattern similar to last year, the yearly deficit would reach about CZK 50-60bn.