PRAGUE: The Czech central state budget showed a 26.45 billion crown ($1.30 billion) surplus at the end of January, larger than a year ago due to higher tax collection and EU fund flows, Finance Ministry data showed on Thursday.
The government posted a 9.10 billion crown surplus in January 2017.
The ministry said for the first month of 2018 overall expenditure rose 8.9 percent while income was up 24.5 percent. Tax income rose 9.1 percent year-on-year, including a similar rise for value-added tax collection.
The 2018 central state deficit was approved by parliament with a 50 billion crown deficit.
The central government budget is the main part of the EU country's overall public sector finances, which also include local and regional administrations, the health insurance system and various off-budget funds.
The overall fiscal balance for last year is expected at 1.1 percent/GDP surplus and for this year the ministry expects it to widen to +1.3 percent.
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