State budget deficit and its financing possibilities in the CR

This bachelor work deals with state budget deficit and its financing resources in the Czech Republic. In the beginning we are dealing with the general characteristics of the state budget and the definition of the state budget deficit. In the next section we analyze the development from 1993 to 2010. State budget deficit is mainly financed by issuing government bonds, and therefore for the most part we deal with short, medium and long-term government bonds. The practical part describes how the sale of short-and long-term bonds under the current rules of the Czech National Bank. Government bonds are divided by the type of instrument and maturity. The last section is dedicated to new ways of financing the budget deficit and that is issuance of government bonds for citizens