INSTANT VIEW 1-Czech April monthly budget gap CZK 28.3 bln

...into the red 
from a surplus at end-March, official data showed on Wednesday. 
 
KEY POINTS: 
(in CZK bln)           end-April 07  end-March 07   end-April 06 
 year-to-date balance  -17.01         11.26         -19.95 
 
 (For full table, click on......................[ID:nPRA001279]) 
 
- Ministry says the monthly deficit is due mainly to a 14.2 
billion crown state contribution to individuals' building 
savings accounts and an 18.6 billion crown quarterly payment on 
schools. 
- January-April revenues account for 33.5 percent of the annual 
target. Overall expenditures for the period stand at 32.2 
percent of the plan. 
- January-April revenues up 6.2 percent year-on-year, 
expenditure up 4.9 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 
under the EU-harmonised ESA-95 fiscal rules. 
 
- 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=20.65 Czech Crown) 
  Keywords: CZECH ECONOMY/BUDGET  
    

[PRAGUE/Reuters/Finance.cz]