In the early 1990s, it was estimated that about 97% of businesses were under state control. By 2003, the non-private sector accounted for less than 20% of business ownership. In fact, the Czech Republic's economy has advanced so quickly out of communism that the country anticipates accession to the EU as early as 2004.
The US Central Intelligence Agency (CIA) estimates that in 2001 Czech Republic's central government took in revenues of approximately $16.7 billion and had expenditures of $18 billion. Overall, the government registered a deficit of approximately $1.3 billion. External debt totaled $24.6 billion.
The following table shows an itemized breakdown of government revenues and expenditures. The percentages were calculated from data reported by the International Monetary Fund. The dollar amounts (millions) are based on the CIA estimates provided above.
REVENUE AND GRANTS | 100.0% | 16,700 |
Tax revenue | 95.2% | 15,904 |
Non-tax revenue | 4.3% | 712 |
Capital revenue | 0.1% | 12 |
Grants | 0.4% | 73 |
EXPENDITURES | 100.0% | 18,128 |
General public services | 3.5% | 637 |
Defense | 4.5% | 802 |
Public order and safety | 4.8% | 863 |
Education | 9.3% | 1,681 |
Health | 17.3% | 3,109 |
Social security | 35.3% | 6,354 |
Housing and community amenities | 3.0% | 532 |
Recreation, cultural, and religious affairs | 1.1% | 205 |
Economic affairs and services | 13.7% | 2,471 |
Other expenditures | 5.8% | 1,043 |
Interest payments | 2.4% | 431 |
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