We guard
public finances

We are an independent expert body whose primary mission is to evaluate whether the state and other public institutions are complying with the rules of budgetary responsibility set by law. Our activity contributes to the sustainability of the Czech Republic’s public finances and reduces the risk of the state becoming over-indebted.

More about CFC

The public debt of the Czech Republic is

44.1 % of GDP

it is 2,997,083 milion CZK

As of: December 2022

The public budget balance is

-3.6 % of GDP

it is -247,489 milion CZK

As of: December 2022

The government borrowing rate is

4.65 %

As of: April 2023

News

News from the world of public finances and up-to-date information on events in the CFC

News

Reuters, M. Hampl: Czech government must dig deeper with budget consolidation

Reuters, 18.03.2023 – reuters.com The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen to record deficits, and must act fast as the next election approaches, a senior budget watchdog official told Reuters. The centre-right government of Prime Minister Petr Fiala plans to cut budget deficit…

18.04.2023
Detail
Publications

Opinion of the CFC: general government finances and fiscal and budgetary policy

Opinion of the CFC No. 1/2023 on general government finances and fiscal and budgetary policy.Pursuant to Section 21(2)(a) of Act No. 23/2017 Coll., on the Rules of Budgetary Responsibility, as amended, the Czech Fiscal Council monitors general government finances. As part of that work, it also strives to identify risks and threats that may have…

09.03.2023
Detail
Publications

Opinion of the CFC: development of public sector finances and fiscal and budgetary policy

Opinion of the CFC No. 7/2022 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy. Pursuant to Section 21(2)(a) of Act No. 23/2017 Coll., on the Rules of Budgetary Responsibility, as amended, the Czech Fiscal Council monitors general government finances. As part of that work, it also strives to…

08.12.2022
Detail

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The Czech Fiscal Council

We are an independent expert body whose primary mission is to evaluate whether the state and other public institutions comply with the rules of budgetary responsibility

Our objective

Our activity contributes to the sustainability of the Czech Republic’s public finances and reduces the risk of the state becoming over-indebted. The opinions and reports we issue serve as inputs for the Czech government, the Chamber of Deputies and local and regional authorities so that they can plan and implement fiscal and budgetary policies as accurately and responsibly as possible.

According to the Act, the tasks of the Czech Fiscal Council include in particular:

To evaluate compliance with the numerical fiscal rules
To determine the amount of the debt and announce it the way laws are announced
To prepare and submit to the Chamber of Deputies a report on the long-term sustainability of public finances and a report on compliance with the rules of budgetary responsibility
To monitor general government finances
To formulate an opinion on the calculation of the corrective component