Czech FinMin confirms lower 2007 budget gap fcast

31.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech Finance Ministry cut on Wednesday its forecast for the 2007 public sector deficit to 3.4 percent of gross domestic product (GDP) from...

...a previous estimate 3.6 percent.

The ministry's updated prediction confirmed the number included in a government document that was released on Monday.

The quarterly update of the ministry's macroeconomic forecasts stuck to figures already used in the government's 2008 state budget draft, keeping the outlook for next year's annual GDP growth at 5.0 percent [ID:nPRA001522].

[PRAGUE/Reuters/Finance.cz]

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