Czech government sees swing to fiscal deficits from 2020 -CTK

PRAGUE: The Czech government's new outlook sees the fiscal balance swinging to a deficit of 0.2 percent of gross domestic product next year and 0.5 percent in 2021, from a surplus of 0.3 percent this year, news agency CTK reported on Wednesday.

The updated outlook, to be discussed by the cabinet, shows a deterioration of previous fiscal plans from November last year that had predicted surpluses of 0.9 percent in 2020 and 0.8 percent in 2021.

On Tuesday, the Finance Ministry cut its outlook for this year to a 0.3 percent surplus, from 1.0 percent.

The ministry declined to confirm the outlook reported by CTK, saying it had been sent to the government for discussion and would be released after approval by the cabinet.