The Czech Republic's government debt rose by CZK 4.7 billion year on year in the first quarter of 2019. The debt now stands at CZK 1.837 trillion, according to Czech Statistical Office data.
Compared to the fourth quarter of 2018, debt increased by CZK 101.9 billion, and the debt ratio increased by 1.43 percentage points. The debt ratio is now 33.99 percent of GDP, down 1.8 percentage points in annual terms.
The Czech Republic has among the lowest debt to GDP ratio in the European Union. Only Estonia, Luxembourg and Bulgaria surpass it.
Measures taken as over 60 percent of Czech Republic hit by extreme drought
Barbora Strýcová, 33, in “best form” ahead of Wimbledon semi-final against Serena Williams
Beer, schnitzel and mushroom picking – unique set of emojis captures Czech soul
Gene Deitch, Part 1: The Oscar-winning US animator who made Tom and Jerry cartoons in communist Prague
Holocaust child survivor’s dream of building memorial to child victims of the Holocaust comes true