Dept 37 - Economic Policy Department

The department prepares for the ministry the following: macroeconomic and fiscal analyses, macroeconomic and fiscal forecasts, mid-term fiscal policy scenarios, and public finance development forecasts...

ilustrace

The division carries out conceptual and methodological work on behalf of the Ministry concerning the activities of analyses, forecasts, projections, economic and econometric modelling in the field of macroeconomic development, public finances and fiscal policy development, including some of their development problems. The division prepares for the Ministry macroeconomic and fiscal analyses, forecasts, long-term projections and scenarios of fiscal policies, in particular for the formulation of economic policy, preparation of the draft state budget, the medium-term budgetary outlook and for international cooperation in the field of economic policy. The division ensures macroeconomic and fiscal modelling for the purposes of analyses, simulations, forecasts and assessment of fiscal impacts of macroeconomic policies. The division formulates recommendations for measures of macroeconomic policy and verifies the consistency of economic policies. It creates and serves as a guarantor of the Czech Republic’s Convergence Programme, Fiscal Outlook, Macroeconomic Forecast and the Assessment of the Fulfilment of the Maastricht Convergence Criteria and the degree of the Czech Republic’s economic alignment with the euro area. It cooperates in the formulation of strategic economic policy documents of the Czech Republic in the field of macroeconomic and fiscal developments and fiscal policy, it ensures the preparation of the Ministry’s representatives at the meetings of domestic authorities in these areas. It monitors and analyses basic economic and financial trends in the global economy in terms of impact on the economic development of the Czech Republic. It processes comments for the needs of internal and external comment procedure with respect to the legislative materials in the area of its competence and participates in the evaluation of their impact on the macroeconomic and fiscal developments. It ensures a formal and informal dialogue between governmental and non-governmental economic workplaces monitoring economic stability and transparency of macroeconomic and fiscal analyses and forecasts. Within the scope of its competence it ensures on behalf of the Ministry cooperation, consultations and meetings with investment and rating agencies. It cooperates in these areas with domestic and international economic and financial organizations, in particular with the European Commission, the Organisation for Economic Cooperation and Development, the World Bank and the International Monetary Fund. It participates professionally in the agenda related to economic and fiscal policy in relation to the EU under the auspices of the ECOFIN Council, in particular the EFC and EPC committees and EFC Subcommittee on Statistics. The division serves as a guarantor of information and research studies of the Ministry and carries out research activities in the field of economics, statistics and econometrics, including cooperation with local and international institutions. The division serves as a guarantor and coordinator of government finance statistics methodology of the European system of national and regional accounts and for the Czech Republic as the main guarantor and coordinator of government financial statistics methodology of the International Monetary Fund.

Units

  • 3701 -  Government Financial Statistics and Analyses Unit 
  • 3702 - Macroeconomic Analyses Unit
  • 3703 - Fiscal Policy and Sustainability Unit 
  • 3704 - Macroeconomic Predictions and Structural Policy
  • 3705 - Economic Modelling Unit