General government deficit/surplus in Czechia 2010-2022
The fiscal balance is the difference between general government revenues and expenditures, showing how much in a given year government spending is financed by the revenues collected. A surplus occurs if, in a given year, the government collects more revenues than it spends. Conversely, when the government spends more than it receives in revenues, there is a deficit. Consecutive deficits will lead to increasing debt levels and consequently to higher interest payments.