Czech state debt dropped by 59.6 billion crowns last year

The Czech Republic’s state debt last year dropped by 59.6 billion crowns to 1.613 trillion crowns, the Ministry of Finance announced on Friday, confirming the data released in December last year. The total debt breaks down into every Czech owing around 153,000 crowns. Among the main factors behind the drop is the state budget surplus amounting to 61.8 billion crowns and better management of state treasury liquidity.

Author: Ruth Fraňková