INSTANT VIEW 1-Czech Jan-March budget surplus CZK 11.26 bln

...Ministry said on Monday. 
 
KEY POINTS: 
(in CZK bln)      end-March 07  end-Feb 07     end-March 06 
 balance            11.26         -6.73          15.75 
 
 (For full table, click on......................[ID:nPRA001228]) 
 
- Ministry says the monthly surplus stems from a weaker rise in 
expenditure which lags revenue growth by 3.3 percentage point. 
- January-March revenues account for 25.5 percent of the annual 
target. Overall expenditures for the period stand at 22.2 
percent of the plan. 
- January-March revenues up 2.6 percent year-on-year, 
expenditure up 4.8 percent. 
- Tax and fee revenue increased by 4.2 percent year-on-year, 
mainly driven by value added tax. 
- Revenue from social insurance rose 9.7 percent, while social 
payments from the budget rose 3.2 percent. 
- The full-year 2007 budget sees a 91.3 billion crown deficit on 
expenditure of 1,040.8 billion crowns. 
 
BACKGROUND: 
- The central state budget is the biggest part of the overall 
public finances, which the ministry forecasts will post a 
deficit of 4 percent of gross domestic product (GDP) this year. 
 
- For recent stories on the budget, click on [CZ-GVD-POL-RTRS] 
or [CZ-RTRS-DBT]. 
 
LINKS: 
- For an overview of the Czech central government budget, 
Reuters 3000 Xtra users can click on the ministry's website: 
    http://www.mfcr.cz 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
  
 ($1=20.95 Czech Crown) 
  Keywords: CZECH ECONOMY/BUDGET