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Domů News

News

  • UNRR_2-1-scaled
    Publications
    STATEMENT OF THE CZECH FISCAL COUNCIL OF 4 MARCH 2021 CONCERNING THE DEVELOPMENT OF PUBLIC SECTOR FINANCES AND THE SET-UP OF FISCAL AND BUDGETARY POLICY

    Pursuant to Act No.  23/2017 Coll., on budgetary responsibility rules, Section 21(2)(a), the Czech Fiscal Council monitors the development of public sector finance.  Within the framework of that work, it also strives to identify risks and threats that may have an adverse impact on public budget stability in the short-term, medium-term, and long-term.  Since September…

    10.03.2021
    Detail
  • statement-27.october
    Statement of the Czech Fiscal Council concerning the amendment doing away with super-gross wage taxation and loosening the fiscal rules set out in the Act on Budgetary Responsibility Rules

    On 26 October 2020, House Document No. 910 was published on the website of the House of Deputies, containing an amendment put forward by Member of Parliament Andrej Babiš, concerning the government draft act amending certain acts in the sphere of taxation and certain other acts.  The substance of the amendment lies in doing away…

    04.11.2020
    Detail
  • UNRR_2-1-scaled
    Statement of the Czech Fiscal Council of 2 September 2020 on the development of public sector finances and the set-up of fiscal and budgetary policy

    Pursuant to Act No. 23/2017 Coll., on budgetary responsibility rules, Section 21(2)(a), the Czech Fiscal Council monitors the development of public sector finance. Within the framework of that work, it also strives to identify risks and threats that may have an adverse impact on public budget stability in the short-term, medium-term, and long-term. Since September…

    13.09.2020
    Detail
  • DOKUMENTY_2-scaled
    The Czech Fiscal Council has published its Report on the Long-Term Sustainability of Public Finances: shortening time to find a solution

    The third Czech Fiscal Council Report on the Long-Term Sustainability of Public Finances was produced in the shadow of the coronavirus pandemic. By affecting the change in the medium-term projection, the pandemic pointed to insufficient resilience of public finances to withstand shocks of a similar nature. Recent fiscal policy has been highly procyclical, and the…

    25.06.2020
    Detail
  • UNRR_2-1-scaled
    Statement of the Czech Fiscal Council of 3 June 2020 on the development of public sector finances and the set-up of fiscal and budgetary policy

    Pursuant to Act No. 23/2017 Coll., on budgetary responsibility rules, Section 21(2)(a), the Czech Fiscal Council monitors the development of public sector finance. Within the framework of that task, it also strives to identify risks and threats that may have an adverse impact on public budget stability in the short-term, medium-term, and long-term. Since September…

    21.06.2020
    Detail
  • FINANCE_5-scaled
    News
    Deficit of the Czech public finance to reach more than CZK 300 billion in 2020

    The spread of the SARS-CoV-2 virus causing the disease called COVID-19 entails economic consequences for the economy of the Czech Republic that have been made worse by government measures designed to counter the spread of the virus. The expected economic collapse of the Czech economy is historically unprecedented and exceeds the impacts of the global…

    25.05.2020
    Detail
  • UNRR_2-1-scaled
    Statement of the Czech Fiscal Council concerning the government´s proposal to amend Act No. 23/2017 Coll. on budgetary responsibility rules

    At its extraordinary meeting of 1 April 2020, the Government of the Czech Republic approved a bill amending Act No. 23/2017 Coll., on budgetary responsibility rules (hereinafter referred to as the “Act”). The substance of the proposal is a dramatic increase of the maximum admissible structural deficit values for 2021-2027, from 1% of GDP stated…

    18.04.2020
    Detail
  • UNRR_2-1-scaled
    Statement of the Czech Fiscal Council Concerning the Current Situation Related to the New Coronavirus Type Pandemic

    The Czech Fiscal Council is keeping a close eye on the constantly changing situation caused by the COVID-19 pandemic and on the measures being adopted in relation to it, not only domestically, but also abroad.  We then evaluate that information, in particular with a view to the possible impact of those measures on the Czech…

    27.03.2020
    Detail
  • EZ
    Commentary
    COMMENTARY OF EVA ZAMRAZILOVÁ: A FURTHER DECELERATION CAN BE EXPECTED IN 2020

    Below, you can find commentary of the Chairman of the Czech Fiscal Council, Eva Zamrazilová. The text was first published in a special supplement of the Banking monthly magazine entitled Top Finance (Bankovnictví, vol. 1/2020). Developments abroad will continue to be essential to the Czech economy in 2020. In 2019, the global economy was weakened…

    17.02.2020
    Detail
  • GDP-growth-2
    News
    CZECH ECONOMY TO GROW BY 2% THIS YEAR SAYS A NEW FINANCE MINISTRY PREDICTION

    On Tuesday 4 February, the Ministry of Finance issued a new macroeconomic prediction. It expects the country’s real GDP to grow by 2% compared to 2019. The growth estimate remains unchanged, compared to the previous prediction published in November. “Our view of the development of the Czech economy has remained principally unchanged. We estimate that…

    17.02.2020
    Detail
  • J66C9704-scaled
    Personal
    CZECH FISCAL COUNCIL MEMBER JAN PAVEL STARTS OUT ON HIS SECOND TERM, TO HOLD HIS OFFICE FOR ANOTHER SIX YEARS

    A member of the Czech Fiscal Council Jan Pavel will carry on in office for another six years. After his re-election by the Chamber of Deputies at the suggestion of the Czech National Bank last October, he was sworn in on Thursday 23 January 2020, by the Speaker of the Chamber of Deputies, Radek Vondráček,…

    11.02.2020
    Detail
  • reformy-duchod.
    News
    THREE VERSIONS OF PENSION SYSTEM REFORM: ALL PLAN TO SPLIT THE FIRST PILLAR

    The Ministry of Labour and Social Affairs and the Committee for Fair Pensions presented the basic principles of the pension system reform.  One of the fundamental building blocks of the proposal is the splitting of the existing first pension system pillar in two: the zeroth and the first pillar. The zeroth pillar is to ensure…

    30.01.2020
    Detail
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