Stabilized Development of the State Debt
Due to the effective available state treasury liquidity management, the stable development of the state debt has continued. The CZK-denominated value of state debt decreased by CZK 0.6 billion to CZK 1,663.0 billion during Q1 – Q3 2015. This still brings positive impacts in the form of savings in interest expenditure of the state budget related to the issuance activity of the state during the year. The net interest expenditure on state debt service in Q1 - Q3 2015 were CZK 2.1 billion lower compared to the same period of the previous year.