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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

  • web (1)
    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
  • UNRR_1
    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
  • UNRR_2-1-scaled
    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
Find more

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

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Latest publications

Overview of recent reports, opinions, statements and studies

Statements and Opinions
Opinion of the CFC No. 1/2023 on general government finances and fiscal and budgetary policy
opinion

09.03.2023

Detail
Statements and Opinions
Opinion of the CFC No. 7/2022 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

08.12.2022

Detail
Reports
Report on Compliance with the Rules of Budgetary Responsibility for the Year 2021
report

September 2022

Detail
Statements and Opinions
Opinion of the CFC No. 6/2022 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

08.09.2022

Detail
Reports
Report on the Long-Term Sustainability of Public Finances 2022
report

September 2022

Detail
Statements and Opinions
Opinion of the CFC No. 5/2022 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

15.06.2022

Detail
Statements and Opinions
Opinion of the CFC No. 2/2022 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

10.03.2022

Detail
Statements and Opinions
Opinion of the CFC No. 6/2021 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

06.12.2021

Detail
Statements and Opinions
Opinion of the CFC No. 3/2021 Concerning the development of public sector finances and the set-up of fiscal and budgetary policy
opinion

02.09.2021

Detail
Reports
Report on Compliance with the Rules of Budgetary Responsibility for the Year 2020
report

September 2021

Detail
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Adress

Holečkova 31

150 00 Praha 5 - Smíchov

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