INSTANT VIEW 1-Czech budget in surplus at end-September

    PRAGUE, Oct 2 (Reuters) - The Czech central state budget 
showed a 1.49 billion crown ($67.06 million) surplus for 
January-September, the Finance Ministry said on Monday. 
 
KEY POINTS: 
(in CZK bln)      end-Sept 06    end-Aug 06    end-Sept 05 
 balance             1.49         -6.44          25.75 
 
 (For full table, click on......................[ID:nPRA000952]) 
 
- Revenues up 6.2 percent year-on-year for January-September, 
expenditures up 10.5 percent. 
- The full-year budget sees a 74.4 billion crown deficit on 
expenditure of 963.8 billion crowns. Overall revenue and 
expenditure has been raised by 5 billion from the originally 
approved budget due to spending on flood relief. 
- Revenues for the nine months reached 673.50 billion crowns, 
accounting for 75.7 percent of the annual target. Overall 
expenditures for the period were 672.01 billion, 67.7 percent of 
the yearly plan. 
- Revenues included 35.2 billion crowns worth of transfers from 
reserve funds, money saved in the past years. 
- Overall tax revenues 344.1 billion crowns. 
  
 BACKGROUND: 
- The central state budget is the biggest part of the overall 
public finances. 
- The Finance Ministry has said the country will meet its euro 
Convergence Programme this year but not the next. Under the 
European Union's ESA methodology, the public sector deficit was 
2.6 percent of GDP in 2005. 
The ministry has proposed a 2007 budget outline forecasting 4.0 
percent gap, above the 3.3 percent cap set in the Convergence 
Programme. 
- The country would need to squeeze the deficit below 3 percent 
by 2008 to be able to join the euro in 2010, as planned by the 
outgoing centre-left cabinet. 
 
- 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       <ECONCZ> 
- 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                <CZKVIEW> 
- Czech money guide                                      <CZK/1> 
- Czech benchmark state bond prices                   <0#CZBMK=> 
- Czech forward money market rates                      <CZKFRA> 
 
 ((Reporting by Alan Crosby; prague.newsroom@reuters.com; 
Reuters Messaging: alan.crosby.reuters.com@reuters.net; +420 224 
190 477)) 
 ($1=22.22 Czech Crown) 
  Keywords: ECONOMY CZECH BUDGET