Editorial & Advertiser disclosure
Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Czech 2025 budget likely to be in deeper deficit than targeted, new minister says
Published by Global Banking and Finance Review
Posted on December 29, 2025
PRAGUE, Dec 29 (Reuters) – The Czech central state budget is likely to be in a deeper deficit this year than the 241 billion crowns ($11.71 billion) originally targeted, new Finance Minister Alena Schillerova said.
Schillerova said the deficit had already reached 266 billion crowns when she took office on December 15 and grew to 275 billion crowns four days later.
“Meeting the planned deficit is unlikely,” she said on Saturday in a post on X social media platform.
This year’s deficit in the state budget – which makes up the bulk of the overall fiscal balance – had been expected to fall from 271.4 billion crowns posted in 2024.
A new government, led by billionaire Andrej Babis, whose populist ANO party won an October election with promises to raise wages and boost spending, took office this month.
Analysts expect some fiscal loosening after the previous centre-right government had cut the country’s overall fiscal gap to well below 3% of gross domestic product, meeting European Union rules.
Babis’ government has also set out to rework the 2026 budget plan, saying the previous administration’s draft lacked some necessary expenditure, indicating the deficit next year would be above the previously proposed 286 billion crowns.
Schillerova has said the government should approve a reworked draft in the second half of January.
($1 = 20.5770 Czech crowns)
(Reporting by Jason Hovet; Editing by Jan Harvey)