{"id":7360,"date":"2020-01-28T00:00:00","date_gmt":"2020-01-27T23:00:00","guid":{"rendered":"https:\/\/www.rozpoctovarada.cz\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/"},"modified":"2022-12-29T22:22:04","modified_gmt":"2022-12-29T21:22:04","slug":"parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns","status":"publish","type":"post","link":"https:\/\/www.rozpoctovarada.cz\/en\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/","title":{"rendered":"PARLIAMENT APPROVES THE 2020 STATE BUDGET. DEFICIT TO REACH 40 BILLION CROWNS"},"content":{"rendered":"\r\n

The Chamber of Deputies approved the draft 2020 state budget<\/a> Wednesday night.\u00a0 A total of 108 were in favour of the Act, which plans on a deficit of 40 billion crowns, like the current year.<\/p>\r\n\r\n\r\n\r\n

Total income of the state budget is to amount to 1,578.1 billion crowns, with planned expenditure amounting to 1,618.1 billion.\u00a0 The approved document plans on an increase of pension expenditure (CZK + 34.9 bn year on year), wage growth for public administration employees, teachers, and non-teaching staff, and an increase in parental contribution, from the current CZK 220,000 to CZK 300,000.\u00a0 Capital expenses are to amount to 146.2 billion crowns next year, which is 23.9 billion crowns more than this year.<\/p>\r\n\r\n\r\n\r\n

On the income side, in drafting the proposed state budget for 2020, the Ministry of Finance had to account for the continuing slowing of the economy.\u00a0<\/p>\r\n\r\n\r\n\r\n

GDP growth is to reach 2%, according to the Ministry\u2019s November macroeconomic forecast<\/a>, which is less than in each of the four preceding years.\u00a0 On the other hand, in the European context, it is still a very good result, as the Czech Fiscal Council stated yesterday, in its regular quarterly opinion.<\/a><\/p>\r\n\r\n\r\n\r\n

In terms of the income of the state budget in 2020, the Council pointed to certain problem aspects in the document.\u00a0 The Act on the state budget also counts on certain income the realisation of which depends on the approval of other acts (known as the tax package).\u00a0 But they have not been enacted yet and, given the length of the legislative process, there is a risk that they will not take effect before 1 January 2020.<\/p>\r\n\r\n\r\n\r\n

That means that the state budget was approved with income that may not be collected, because the relevant legislation may not be enacted at all, or changes will take place during deliberations on them, which will have an adverse impact on the expected collection.<\/p>\r\n\r\n\r\n\r\n

Overall overview of 2020 state budget expenditure by chapter (proposed, in CZK bn):<\/strong><\/p>\r\n\r\n\r\n\r\n

\r\n
\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
301<\/td>\r\nOffice of the President of the Czech Republic\u00a0<\/td>\r\n404,730,280<\/td>\r\n<\/tr>\r\n
302<\/td>\r\nChamber of Deputies of the Parliament<\/td>\r\n1,358,947,423<\/td>\r\n<\/tr>\r\n
303<\/td>\r\nSenate<\/td>\r\n628,663,638<\/td>\r\n<\/tr>\r\n
304<\/td>\r\nOffice of the Government of the Czech Republic<\/td>\r\n1,091,826,213<\/td>\r\n<\/tr>\r\n
305<\/td>\r\nSecurity Information Service<\/td>\r\n2,147,315,000<\/td>\r\n<\/tr>\r\n
306<\/td>\r\nMinistry of Foreign Affairs<\/td>\r\n8,171,302,949<\/td>\r\n<\/tr>\r\n
307<\/td>\r\nMinistry of Defence<\/td>\r\n75,500,365,700<\/td>\r\n<\/tr>\r\n
308<\/td>\r\nNational Security Authority<\/td>\r\n295,080,427<\/td>\r\n<\/tr>\r\n
309<\/td>\r\nOffice of the Public Defender of Rights<\/td>\r\n148,474,064<\/td>\r\n<\/tr>\r\n
312<\/td>\r\nMinistry of Finance<\/td>\r\n23,889,153,719<\/td>\r\n<\/tr>\r\n
313<\/td>\r\nMinistry of Labour and Social Affairs<\/td>\r\n686,800,038,058<\/td>\r\n<\/tr>\r\n
314<\/td>\r\nMinistry of the Interior<\/td>\r\n81,519,358,975<\/td>\r\n<\/tr>\r\n
315<\/td>\r\nMinistry of the Environment\u00a0<\/td>\r\n15,899,438,896<\/td>\r\n<\/tr>\r\n
317<\/td>\r\nMinistry for Regional Development<\/td>\r\n26,631,530,110<\/td>\r\n<\/tr>\r\n
321<\/td>\r\nCzech Science Foundation<\/td>\r\n4,360,546,000<\/td>\r\n<\/tr>\r\n
322<\/td>\r\nMinistry of Industry and Trade<\/td>\r\n49,704,100,259<\/td>\r\n<\/tr>\r\n
327<\/td>\r\nMinistry of Transport<\/td>\r\n67,972,681,089<\/td>\r\n<\/tr>\r\n
328<\/td>\r\nCzech Telecommunication Office<\/td>\r\n2,585,053,062<\/td>\r\n<\/tr>\r\n
329<\/td>\r\nMinistry of Agriculture<\/td>\r\n56,544,982,069<\/td>\r\n<\/tr>\r\n
333<\/td>\r\nMinistry of Education, Youth, and Sports<\/td>\r\n226,467,000,210<\/td>\r\n<\/tr>\r\n
334<\/td>\r\nMinistry of Culture<\/td>\r\n15,249,131,176<\/td>\r\n<\/tr>\r\n
335<\/td>\r\nMinistry of Health<\/td>\r\n9,250,443,374<\/td>\r\n<\/tr>\r\n
336<\/td>\r\nMinistry of Justice<\/td>\r\n31,891,409,426<\/td>\r\n<\/tr>\r\n
343<\/td>\r\nOffice for Personal Data Protection<\/td>\r\n171,776,819<\/td>\r\n<\/tr>\r\n
344<\/td>\r\nIndustrial Property Office<\/td>\r\n213,014,292<\/td>\r\n<\/tr>\r\n
345<\/td>\r\nCzech Statistical Office<\/td>\r\n1,493,382,719<\/td>\r\n<\/tr>\r\n
346<\/td>\r\nCzech Office for Surveying, Mapping and Cadastre<\/td>\r\n3,633,798,122<\/td>\r\n<\/tr>\r\n
348<\/td>\r\nCzech Mining Authority\u00a0<\/td>\r\n185,128,512<\/td>\r\n<\/tr>\r\n
349<\/td>\r\nEnergy Regulatory Office<\/td>\r\n302,164,728<\/td>\r\n<\/tr>\r\n
353<\/td>\r\nOffice for the Protection of Competition<\/td>\r\n258,656,875<\/td>\r\n<\/tr>\r\n
355<\/td>\r\nInstitute for the Study of Totalitarian Regimes<\/td>\r\n259,348,252<\/td>\r\n<\/tr>\r\n
358<\/td>\r\nConstitutional Court<\/td>\r\n233,195,735<\/td>\r\n<\/tr>\r\n
359<\/td>\r\nOffice of the Czech Fiscal Council<\/td>\r\n23,669,225<\/td>\r\n<\/tr>\r\n
361<\/td>\r\nAcademy of Sciences of the Czech Republic<\/td>\r\n6,513,390,450<\/td>\r\n<\/tr>\r\n
362<\/td>\r\nNational Sports Agency<\/td>\r\n85,923,875<\/td>\r\n<\/tr>\r\n
371<\/td>\r\nOffice for Overseeing the Financial Affairs of Political Parties and Political Movements<\/td>\r\n34,444,691<\/td>\r\n<\/tr>\r\n
372<\/td>\r\nCouncil for Radio and Television Broadcasting<\/td>\r\n67,310,087<\/td>\r\n<\/tr>\r\n
373<\/td>\r\nTransport Infrastructure Access Authority<\/td>\r\n22,311,260<\/td>\r\n<\/tr>\r\n
374<\/td>\r\nAdministration of State Material Reserves<\/td>\r\n2,581,804,229<\/td>\r\n<\/tr>\r\n
375<\/td>\r\nState Office for Nuclear Safety<\/td>\r\n445,248,327<\/td>\r\n<\/tr>\r\n
376<\/td>\r\nGeneral Inspectorate of Security Corps<\/td>\r\n452,581,266<\/td>\r\n<\/tr>\r\n
377<\/td>\r\nTechnology Agency of the Czech Republic<\/td>\r\n4,152,464,850<\/td>\r\n<\/tr>\r\n
378<\/td>\r\nNational Cyber and Information Security Agency<\/td>\r\n425, 317,706<\/td>\r\n<\/tr>\r\n
381<\/td>\r\nSupreme Audit Office<\/td>\r\n690,387,855<\/td>\r\n<\/tr>\r\n
396<\/td>\r\nState debt<\/td>\r\n43,810,880,286<\/td>\r\n<\/tr>\r\n
397<\/td>\r\nState financial asset operations<\/td>\r\n400,000,000<\/td>\r\n<\/tr>\r\n
398<\/td>\r\nGeneral treasury administration<\/td>\r\n163,150,951,475<\/td>\r\n<\/tr>\r\n
\u00a0<\/td>\r\nTOTAL<\/strong><\/td>\r\n1,618,118,723,753<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table><\/div>\r\n<\/figure>\r\n\r\n\r\n\r\n

Source: Ministry of Finance of the Czech Republic<\/a><\/p>\r\n","protected":false},"excerpt":{"rendered":"

The Chamber of Deputies approved the draft 2020 state budget Wednesday night.\u00a0 A total of 108 were in favour of the Act, which plans on a deficit of 40 billion crowns, like the current year. Total income of the state budget is to amount to 1,578.1 billion crowns, with planned expenditure amounting to 1,618.1 billion.\u00a0…<\/p>\n","protected":false},"author":3,"featured_media":7081,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-7360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nPARLIAMENT APPROVES THE 2020 STATE BUDGET. DEFICIT TO REACH 40 BILLION CROWNS | 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\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PARLIAMENT APPROVES THE 2020 STATE BUDGET. DEFICIT TO REACH 40 BILLION CROWNS | N\u00e1rodn\u00ed rozpo\u010dtov\u00e1 rada\" \/>\n<meta property=\"og:description\" content=\"The Chamber of Deputies approved the draft 2020 state budget Wednesday night.\u00a0 A total of 108 were in favour of the Act, which plans on a deficit of 40 billion crowns, like the current year. 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Total income of the state budget is to amount to 1,578.1 billion crowns, with planned expenditure amounting to 1,618.1 billion.\u00a0...","og_url":"https:\/\/www.rozpoctovarada.cz\/en\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/","og_site_name":"N\u00e1rodn\u00ed rozpo\u010dtov\u00e1 rada","article_publisher":"https:\/\/www.facebook.com\/narodnirozpoctovarada","article_published_time":"2020-01-27T23:00:00+00:00","article_modified_time":"2022-12-29T21:22:04+00:00","og_image":[{"width":2560,"height":1700,"url":"https:\/\/www.rozpoctovarada.cz\/wp-content\/uploads\/2022\/12\/UVCR_1-scaled-1.jpg","type":"image\/jpeg"}],"author":"NRR\/UNRR","twitter_card":"summary_large_image","twitter_creator":"@rozpoctova_rada","twitter_site":"@rozpoctova_rada","twitter_misc":{"Written by":"NRR\/UNRR","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rozpoctovarada.cz\/en\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/#article","isPartOf":{"@id":"https:\/\/www.rozpoctovarada.cz\/en\/parliament-approves-the-2020-state-budget-deficit-to-reach-40-billion-crowns\/"},"author":{"name":"NRR\/UNRR","@id":"https:\/\/www.rozpoctovarada.cz\/en\/#\/schema\/person\/66fe9081747f030d761470dcde5b0257"},"headline":"PARLIAMENT APPROVES THE 2020 STATE BUDGET. 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