Bank Board approves 2008 budget
At its meeting on 6 December 2007 the CNB Bank Board approved the CNB budget for 2008, totalling
CZK 2,150 million (compiled at prices inclusive of value added tax). Operating costs and personnel
costs should rise by 7.4% and 4.3% respectively. The planned budget is 9.9% higher than the
expected 2007 budget outcome. The overall increase is mainly due to higher production of coins and
the upgrading of cash handling equipment.
By law, the Czech National Bank manages its finances in compliance with a budget broken down so
as to show clearly the investment expenditure and operating costs of the Czech National Bank. A
total of CZK 205 million in investment expenditure and CZK 1,945 million in operating costs is
planned for 2008.
The highest-volume investment expenditure items include:
| Item | Amount |
|---|---|
| Cash storage, handling and processing equipment | CZK 76 million |
| HW a SW | CZK 44 million |
| Construction and technology investment
(including payment of part of the amount withheld for the completion of the CNB’s backup facility) |
CZK 32 million |
| Packing materials for banknotes and coins, and other consumables | CZK 22 million |
| Security equipment | CZK 7 million |
| Item | Amount |
|---|---|
| Currency issuance and management (banknote and coin purchases from external sources) | CZK 359 million
|
| Salaries and mandatory insurance contributions | CZK 1 097 million
|
| Contracted services
- of which: computer suppor |
CZK 112 million
CZK 50 million |
| Asset repairs and maintenance
- of which: premises repairs and maintenance computer maintenance and servicing security equipment repairs and maintenance |
CZK 104 million
CZK 32 million CZK 31 million CZK 22 million |
| Telecommunication charges | CZK 79 million
|
| Energy consumption | CZK 45 million
|