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

42.4 % of GDP

it is 3,234,002 milion CZK

As of: December 2023

The public budget balance is

-3.8 % of GDP

it is -288,082 milion CZK

As of: December 2023

The government borrowing rate is

4.10 %

As of: November 2024

News

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

Publications

Report on Compliance with the Rules of Budgetary Responsibility for 2023

In 2023, public finances were affected by gradual decline in inflation. In the same year, a so-called consolidation package was introduced to help put public finances back on a long-term sustainable trajectory. Given the current low inflation rate and the consolidation efforts, it appears that public finances will return to balance almost immediately and will…

09.12.2024
Detail
Publications

Statement of the CFC: the Draft State Budget for 2025

On the 25th of September 2024, the government adopted the draft state budget for 2025, which envisages a deficit of CZK 241 billion The Czech Fiscal Council (CFC) comments on this.

08.10.2024
Detail
News

Opinion CFC: general government finances and fiscal and budgetary policy

Pursuant to the Section 21(2)(c) of Act No. 23/2017 Coll., on the Rules of Budgetary Responsibility, as amended, the Czech Fiscal Council (CFC) monitors general government finances. As part of this activity, it also seeks to identify risks that may negatively affect the stability of public budgets in the short, medium and long term. Since…

06.09.2024
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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