INSTANT VIEW 1-Czech June monthly budget surplus CZK 27.3 bln

...year-to-date balance back into the 
black, official data showed on Monday. 
 
KEY POINTS: 
(in CZK bln)            end-June 07    end-May 07    end-June 06 
 year-to-date balance     1.27         -25.98          7.64 
 (For full table, click on......................[nPRA001379]) 
 
- Ministry says the monthly surplus is thanks to collecting 29.0 
billion crowns in corporate income taxes, down from 32.4 billion 
crowns in June 2006. 
- Expenditures lag the six-month budget plan by 38.3 billion 
crowns, while overall revenue is 8.6 billion crowns higher. 
- January-June revenues account for 50.9 percent of the annual 
target. Overall expenditures for the period stand at 46.3 
percent of the plan. 
- January-June revenues up 3.1 percent year-on-year, expenditure 
up 4.5 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=21.15 Czech Crown) 
  Keywords: CZECH BUDGET/