State budget surplus for May the best since 1993

The state budget ended May with a surplus of 22.4 billion crowns, the best May result since 1993. Details were given by Minister of Finance Andrej Babiš to the lower house of parliament. The minister added that tax revenues during the first five months of the year are nearly 24 billion more than during the same period in 2015. The target budget deficit for the whole of 2016 has been set at 70 billion crowns.

Author: Chris Johnstone