A Budget Deficit of CZK 17bn in April

The deficit in the state budget reached CZK 17.0bn for the first four months of 2007. Revenue came in at CZK 318.2bn and expenses at CZK 335.2bn. The deficit is slightly better in comparison with the same period of last year, which saw a deficit of almost CZK 20bn. Compared to the situation at the end of March, the balance of the budget worsened by CZK 28.3bn and the budget returned to negative from positive territory. At the end of April, revenue reached 33.5% and expenses 32.2% of this year’s projected figures. A deficit CZK 91.3bn was approved for 2007.