Czech Republic - Public finance

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.

Czech Republic

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
Also read article about Czech Republic from Wikipedia

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