{"id":10200,"date":"2023-09-22T20:07:16","date_gmt":"2023-09-22T18:07:16","guid":{"rendered":"https:\/\/www.rozpoctovarada.cz\/?p=10200"},"modified":"2023-12-22T20:22:53","modified_gmt":"2023-12-22T19:22:53","slug":"new-report-on-the-long-term-sustainability-of-public-finances-2023","status":"publish","type":"post","link":"https:\/\/www.rozpoctovarada.cz\/en\/new-report-on-the-long-term-sustainability-of-public-finances-2023\/","title":{"rendered":"Report on the Long-Term Sustainability of Public Finances 2023"},"content":{"rendered":"<p>One of the key tasks of the Czech Fiscal Council (CFC) under Act No. 23\/2017 Coll., on the Rules of Budgetary Responsibility, as amended (the Act), is the regular annual preparation of the <strong>Report on the Long-Term Sustainability of Public Finances<\/strong> (the Long-Term Sustainability Report) and its submission to the Chamber of Deputies of the Parliament of the Czech Republic.<\/p>\n<p>As in previous Long-Term Sustainability Reports, this year&#8217;s CFC assesses the situation of Czech public finances from a <strong>medium- and long-term perspective. In the first case,<\/strong> the key indicator is the current structural balance, while in the second case it is the projected path of public debt over a 50-year horizon, which shows the extent of long-term fiscal imbalances. Fortunately, the Czech public finances have already moved away from the high deficits in the 5\u20136% of GDP range typical of the years associated with the COVID-19 pandemic (2020\u20132021), but they have still not taken a clear trajectory towards sustainable and macroeconomically sound levels defined by the original text of the Act.<\/p>\n<p>The whole report is available\u00a0<a href=\"https:\/\/www.rozpoctovarada.cz\/en\/publications\/report-on-the-long-term-sustainability-of-public-finances-2023\/\">here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the key tasks of the Czech Fiscal Council (CFC) under Act No. 23\/2017 Coll., on the Rules of Budgetary Responsibility, as amended (the Act), is the regular annual preparation of the Report on the Long-Term Sustainability of Public Finances (the Long-Term Sustainability Report) and its submission to the Chamber of Deputies of the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":7132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-10200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Report on the Long-Term Sustainability of Public Finances 2023 | N\u00e1rodn\u00ed rozpo\u010dtov\u00e1 rada<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rozpoctovarada.cz\/en\/new-report-on-the-long-term-sustainability-of-public-finances-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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N\u00e1rodn\u00ed rozpo\u010dtov\u00e1 rada","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rozpoctovarada.cz\/en\/new-report-on-the-long-term-sustainability-of-public-finances-2023\/","og_locale":"en_US","og_type":"article","og_title":"Report on the Long-Term Sustainability of Public Finances 2023 | N\u00e1rodn\u00ed rozpo\u010dtov\u00e1 rada","og_description":"One of the key tasks of the Czech Fiscal Council (CFC) under Act No. 23\/2017 Coll., on the Rules of Budgetary Responsibility, as amended (the Act), is the regular annual preparation of the Report on the Long-Term Sustainability of Public Finances (the Long-Term Sustainability Report) and its submission to the Chamber of Deputies of 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