Bloomberg News

Czech Central Bank Sees 2013 Deficit Less Than Government

November 09, 2012

The Czech central bank forecasts the public-finance deficit to be less than the government’s target next year even as it expects weaker economic growth than the Finance Ministry.

The Ceska Narodni Banka in Prague sees the shortfall at 2.6 percent of economic output in 2013, compared with the government’s target of 2.9 percent, according to the bank’s quarterly Inflation Report published on its website today. The central bank sees gross domestic product growth of 0.2 percent next year, less than the Finance Ministry’s forecast for a 0.7 percent expansion.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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