Ekonomicky to sice nesed\u00ed<\/a> (st\u00e1t investoval v\u017edy a\u00a0docela dost a\u00a0ve\u0161lo se to do norm\u00e1ln\u00edho rozpo\u010dtu), ale racion\u00e1ln\u00ed politika jde v\u00a0dne\u0161n\u00ed dob\u011b stranou. <\/p>\nCo b\u00fdvalo h\u0159\u00edchem, je prod\u00e1v\u00e1no jako ctnost. Jako by kone\u010dn\u011b n\u011bkdo sebral kur\u00e1\u017e po\u0159\u00e1dn\u011b to rozjet a\u00a0n\u011bco pro zemi ud\u011blat. Vz\u00edt na sebe historick\u00fd \u00fakol a\u00a0pen\u00edze prost\u011b opat\u0159it. Kdy\u017e se zadlu\u017euj\u00ed ostatn\u00ed, bylo by pr\u00fd \u201eh\u0159\u00edchem\u201c se nep\u0159idat. <\/p>\n
Soun\u00e1le\u017eitost s\u00a0republikou<\/p>\n
V \u010cesku te\u010f p\u0159ich\u00e1z\u00ed dal\u0161\u00ed krok, jak dluhy osladit. St\u00e1t u\u017e nem\u00e1 b\u00fdt zadlu\u017een jen anonymn\u011b v\u016f\u010di bank\u00e1m a\u00a0jin\u00fdm institucion\u00e1ln\u00edm v\u011b\u0159itel\u016fm. Vl\u00e1da d\u011bl\u00e1 nov\u011b z\u00a0dluhu cosi jako ob\u010danskou participaci. Nachystala ob\u010dansk\u00fd \u201eDluhopis republiky\u201c, dostupn\u00fd online u\u017e od tis\u00edcovky. <\/p>\n
Ten n\u00e1zev je fascinuj\u00edc\u00ed. Dluh za\u010d\u00edn\u00e1 spl\u00fdvat s\u00a0vlast\u00ed a\u00a0ob\u010danskou odpov\u011bdnost\u00ed. Jako by koup\u011b st\u00e1tn\u00edho dluhu nebyla jen investi\u010dn\u00edm rozhodnut\u00edm, ale vlasteneck\u00fdm gestem. Je tu zkr\u00e1tka nab\u00eddka\u00a0\u2013\u00a0jak \u0159\u00edk\u00e1 ministryn\u011b financ\u00ed\u00a0\u2013 pro ty, kter\u00fdm \u201ez\u00e1le\u017e\u00ed na t\u00e9to zemi, c\u00edt\u00ed s\u00a0n\u00ed soun\u00e1le\u017eitost\u201c.<\/p>\n
Nov\u011b ob\u010dan u\u017e nebude jen da\u0148ov\u00fdm poplatn\u00edkem, za kter\u00fdm dluhy jdou i\u00a0s \u00faroky. M\u00e1 se st\u00e1t na druh\u00e9 stran\u011b z\u00e1rove\u0148 v\u011b\u0159itelem syst\u00e9mu. Dr\u017eet st\u00e1tn\u00ed dluh ve vlastn\u00ed pen\u011b\u017eence, zkr\u00e1tka b\u00fdt u\u00a0toho a\u00a0je\u0161t\u011b na tom v\u0161em vyd\u011blat. U\u017e chyb\u00ed jen na\u010dasovat v\u00fdplatu \u00farok\u016f na slibovan\u00fd Den st\u00e1tn\u00ed vlajky.<\/p>\n
Ide\u00e1ln\u00ed d\u00e1rek?<\/p>\n
Optikou rodinn\u00fdch financ\u00ed nejde o\u00a0\u0161patnou nab\u00eddku. Nejl\u00e9pe \u00faro\u010den\u00fd dluhopis ponese v\u00a0pr\u016fm\u011bru 4,5\u00a0procenta ro\u010dn\u011b (pokud se s\u00a0pen\u011bzi rozlou\u010d\u00edte na p\u011bt let –\u00a0viz box), a\u00a0to v\u00a0\u010dist\u00e9m vyj\u00e1d\u0159en\u00ed (u v\u0161ech t\u0159\u00ed druh\u016f odpad\u00e1 15procentn\u00ed sr\u00e1\u017ekov\u00e1 da\u0148, typick\u00e1 pro bankovn\u00ed depozita \u010di akciov\u00e9 dividendy).<\/p>\n
Jak funguje \u201eDluhopis republiky 2026\u201c![](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/05\/dluhopis-statni-dluh.jpeg\")
Foto: Ministerstvo financ\u00ed, Seznam Zpr\u00e1vy<\/p>\n
Brn\u011bnsk\u00fd Petrov, v\u011btvi\u010dka l\u00edpy, socha lva\u00a0\u2013 3\u00a0z\u00a016\u00a0d\u00e1rkov\u00fdch poukaz\u016f <\/p>\n
Nov\u00e9 st\u00e1tn\u00ed obligace u\u017e lze objedn\u00e1vat v\u00a0objemu od t\u0159\u00ed tis\u00edc do t\u0159\u00ed milion\u016f p\u0159es web dluhopisy.gov.cz a\u00a0bankovn\u00ed identitu. Na vlastnick\u00e9 \u00fa\u010dty se za\u010dnou p\u0159ipisovat v\u00a0\u010dervenci. Prodej pak pob\u011b\u017e\u00ed d\u00e1l, dokud bude popt\u00e1vka. V\u00a0nab\u00eddce jsou t\u0159i druhy: <\/p>\n
P\u011btilet\u00fd s fixn\u00edm v\u00fdnosem. Ro\u010dn\u00ed \u00farok stoup\u00e1 od 3,5 % v prvn\u00edm roce do 6,5 % v p\u00e1t\u00e9m roce. Pen\u00edze lze vybrat ka\u017ed\u00fd rok, ale stoupaj\u00edc\u00ed \u00farok st\u0159adatele motivuje vydr\u017eet a\u017e do konce. V pr\u016fm\u011bru za cel\u00e9 obdob\u00ed v\u00fdnos \u010din\u00ed 4,5 % ro\u010dn\u011b. P\u011btilet\u00fd protiinfla\u010dn\u00ed. St\u00e1t p\u0159ip\u00ed\u0161e ka\u017ed\u00fd rok v\u00fdnos ve v\u00fd\u0161i kv\u011btnov\u00e9 meziro\u010dn\u00ed inflace (nejv\u00fd\u0161 ale jen p\u011bt procent) a na konci navrch pr\u00e9mii 2,5 procenta. U obou p\u011btilet\u00fdch pap\u00edr\u016f lze vklad vybrat ka\u017ed\u00fd rok. Kr\u00e1tk\u00fd \u201eFlexi Bond\u201c. Ro\u010dn\u00ed v\u00fdnos \u010din\u00ed 3,5 procenta a bude se m\u011bnit podle hlavn\u00ed \u00farokov\u00e9 sazby \u010cNB. V\u00fdnos se na\u010d\u00edt\u00e1 postupn\u011b po \u010dtvrtlet\u00edch, vklad i s v\u00fdnosem lze ka\u017ed\u00fd \u010dtvrtrok vybrat.<\/p>\n
N\u00e1kup jde hladce vy\u0159\u00eddit online p\u0159es bankovn\u00ed identitu a\u00a0je\u0161t\u011b m\u016f\u017eete dostat pam\u011btn\u00ed list s\u00a0obr\u00e1zkem lva \u010di v\u00e1no\u010dn\u00edho strome\u010dku. V\u00fdnos je nakonec podobn\u00fd jako u\u00a0term\u00ednovan\u00fdch (a st\u00e1tem zaru\u010den\u00fdch) \u00fa\u010dt\u016f v\u00a0bank\u00e1ch, kde ale n\u00e1rodn\u00ed emoce i\u00a0d\u00e1rkov\u00e9 poukazy chyb\u00ed. Tak\u017ee jako d\u00e1rek ide\u00e1ln\u00ed.<\/p>\n
P\u0159i jeho p\u0159ed\u00e1v\u00e1n\u00ed a\u00a0p\u0159eb\u00edr\u00e1n\u00ed je ale dobr\u00e9 myslet na podstatu. Tedy \u017ee \u00faroky nevypl\u00e1c\u00ed Alena Schillerov\u00e1, ale ka\u017ed\u00fd z\u00a0n\u00e1s. A\u00a0bude-li se plnit vl\u00e1dn\u00ed program, tedy ru\u0161it penzijn\u00ed reforma \u010di televizn\u00ed poplatky, tak \u00faroky budou naskakovat v\u00a0\u010d\u00edm d\u00e1l v\u011bt\u0161\u00ed m\u00ed\u0159e. Co vypad\u00e1 jako laskav\u00e1 slu\u017eba st\u00e1tu, je jen kolob\u011bh na\u0161ich pen\u011bz z\u00a0jedn\u00e9 kapsy do druh\u00e9\u00a0\u2013 podobn\u011b jako kdy\u017e vl\u00e1da r\u00e1doby milosrdn\u011b dotuje elekt\u0159inu nebo zlev\u0148uje naftu. <\/p>\n
Dluhopis republiky m\u00e1 ale v\u00a0sob\u011b je\u0161t\u011b n\u011bco nav\u00edc, jakousi p\u0159evr\u00e1cenou dluhovou teologii. Kdysi \u010dlov\u011bk prosil o\u00a0odpu\u0161t\u011bn\u00ed, proto\u017ee c\u00edtil, \u017ee dluhy jsou b\u0159emenem. Dnes skoro abychom byli vd\u011b\u010dn\u00ed, \u017ee vl\u00e1da vyr\u00e1b\u00ed dal\u0161\u00ed. <\/p>\n
Ka\u017ed\u00e1 civilizace si vytv\u00e1\u0159\u00ed sv\u00e9 vlastn\u00ed p\u0159\u00edb\u011bhy a\u00a0iluze. T\u0159eba jako my pr\u00e1v\u011b te\u010f spolu s\u00a0vl\u00e1dn\u00ed garniturou, \u017ee pen\u00edze se tisknou samy a\u00a0\u00faroky z\u00a0nov\u011b po\u0159\u00edzen\u00fdch dluhopis\u016f zaplat\u00ed n\u011bkdo ciz\u00ed. I\u00a0bez Bible p\u0159ece v\u00edme, \u017ee tak to nefunguje.<\/p>\n","protected":false},"excerpt":{"rendered":"B\u00fdvaly \u010dasy, kdy dlu\u017eit znamenalo m\u00edt ostudu. Dluh \u010dlov\u011bka t\u00ed\u017eil, omezoval a\u00a0zavazoval. V jazyce star\u00fdch civilizac\u00ed\u00a0\u2013\u00a0jak hl\u00e1sal ekonom…\n","protected":false},"author":2,"featured_media":86356,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[297,3903,26742,648,17,21,15858,1384,16,3737,3502,18,19,22,562,20],"class_list":{"0":"post-86355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zpravy","8":"tag-alena-schillerova","9":"tag-dluhopisy","10":"tag-dluhopisy-republiky","11":"tag-dluhy","12":"tag-headlines","13":"tag-hlavni-udalosti","14":"tag-krestanstvi","15":"tag-ministerstvo-financi-mfcr","16":"tag-news","17":"tag-statni-dluh","18":"tag-statni-rozpocet","19":"tag-top-news","20":"tag-top-stories","21":"tag-udalosti-dne","22":"tag-vlada-andreje-babise","23":"tag-zpravy"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116577998221883698","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/86355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=86355"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/86355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/86356"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=86355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=86355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=86355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![](\"https:\/\/www.europesays.com\/cz\/wp-content\/uploads\/2026\/05\/1778838973_358_alena-schillerova-dluhopis.jpeg\")
<\/a><\/p>\n