INSTANT VIEW 1-Czech July monthly budget surplus CZK 18.4 bln

...19.7 billion 
crowns, official data showed on Wednesday. 
 
KEY POINTS: 
(in CZK bln)            end-July 07    end-June 07   end-July 06 
 year-to-date balance    19.68           1.27         -0.44 
 (For full table, click on......................[nPRA001416]) 
 
- The monthly balance swings into the 18.4 billion crown surplus 
from an 8.1 billion crown deficit in July 2006, mainly thanks to 
collecting 14.5 billion crowns more in corporate income taxes 
over a year ago. 
- The Finance Ministry says the rise in monthly corporate tax 
collection numbers stems from a delay in the due date for tax 
payments by large companies whose books are subject to audit. 
The date moved to July 2 from last year's end-June. 
- In the month of July, excise tax collection up 3.9 billion 
crowns, social insurance contributions up 2.9 billion and 
non-tax and miscellaneous revenue up 3.1 billion year-on-year, 
while overall expenditures rise by a mere 0.7 billion crowns. 
- January-July revenues account for 61.2 percent of the annual 
target. Overall expenditures for the period stand at 54 percent 
of the plan. 
- January-July revenues up 7.7 percent year-on-year, expenditure 
up 4.0 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=20.48 Czech Crown) 
  Keywords: CZECH BUDGET/  
    

[PRAGUE/Reuters/Finance.cz]