Central bank upgrades budget surplus figures

The Czech central bank on Friday raised its forecast for the 2018 public sector surplus to 1.6 percent of gross domestic product (GDP) from an earlier estimate of 1.4 percent. The bank improved its outlook for the 2019 surplus to 1.8 percent from a previous forecast of 1.5 percent.

The bank increased its expectation for 2017 public debt to 34.7 percent of GDP from 33.8 percent. In 2019, the debt level should drop further to 29.8 percent of GDP.