In the second quarter of 2014, the stabilization of the CZK-denominated value of the gross state debt at the level of the end of 2013 has continued, as the gross state debt decreased by CZK 82 million during this period. In comparison to the end of 2013 the CZK-denominated value of gross state debt decreased by CZK 35 million. The stabilization of the gross state debt is mainly related to the ongoing more effective involvement of available liquidity of the state treasury. The stabilization of CZK-denominated value of the gross state debt is in line with the budget surplus of the Czech Republic, which amounted to CZK 1.5 billion at the end of the first half of 2014. At the end of the first half of the previous year, the state budget was in deficit of CZK 31.5 billion.
Published on July 11, 2014 by Portfolio Risk Management and Strategy, Ministry of Finance.