April 27 (Reuters) - The Czech Finance Ministry detailed the
country's fiscal outlook on Friday, saying it expected the
public finance...
...deficit to shrink to 3.2 percent of GDP next year
if the parliament passes measures aimed at revamping the budget.
The figures were in line with earlier statements by
government officials.
The government has said it expected the tax and spending
overhaul it proposed earlier this month to bring the deficit to
3.0 percent of gross domestic product (GDP) in 2008 under the
country's fiscal-targeting rules, but that under the EU's ESA 95
rules the gap would be by about 0.2 percentage points higher.
For Factbox on the government's tax and spending proposals,
double click on [ID:nL03553262].
PUBLIC SECTOR DEFICIT
2006 2007 2008 2009 2010
Under ESA 95* (pct/GDP) 2.9 4.0 3.2 2.9 2.5
Under FinMin rules (pct/GDP) 3.2 4.1 3.0 2.6 2.3
NOTE. * General government balance, as measured under the
EU-harmonised ESA 95 methodology = central state budget, local
budgets, healthcare insurers and various agencies and funds.
Keywords: CZECH ECONOMY/DEFICIT