Analysis
Who does the Czech Republic owe more than CZK 3.5 trillion to?
Almost 60% of Czech government debt is held by banks, insurers and funds, while more than a third is held by foreign investors. Debt-servicing costs rose from CZK 42 billion to CZK 88 billion.
Key findings
Almost 60% of Czech government debt is held by banks, insurers and funds, while more than a third is held by foreign investors. Debt-servicing costs rose from CZK 42 billion to CZK 88 billion.
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Explanation
Source: Czech Ministry of Finance, government bonds by holder type (2024). The Czech Republic owes CZK 3.5 trillion. Almost 60% is held by banks, insurers and funds, and more than a third by foreign investors. Households hold only 4% directly, although some of their savings are included indirectly. Under the SPOLU government, debt-servicing payments increased from CZK 42 billion to CZK 88 billion. Foreign-controlled banks have long managed the overwhelming majority of Czech banking-sector assets, so part of the profits can flow abroad through dividends. Source: Czech National Bank, interview with Eva Zamrazilová (ExportMag, 20 November 2024).