Czech state debt jumps CZK 110m in Q1

Czech state debt jumps CZK 110m in Q1

Published at: 2019-04-23 10:39 | Author: CIJEurope.com
The Czech stat budget rose nearly CZK 110m in the first quarter of 2019 to CZK 1.7 trillion. Novinky.cz writes that the main driver of the increase was the state's plan to finance upcoming bond payments in April and in June by securing credit at good rates. The Ministry of Finance wrote in a statement that paying off the debt would require every Czech to contribute CZK 162,000. The ministry sold CZK 115.8bn in mid- to long-term treasury bonds during the first quarter of the year. It also sold euro denominated bonds for the first time, distributing €450m worth, with Novinky.cz reporting that the average yields on the emissions continue to be positive.

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