Ministry of Finance presents government with revised draft budget

The Ministry of Finance has presented the government with a new draft budget for next year. Because of a worsening of the macroeconomic outlook the budget figures with incomes and expenditures that are CZK 4.1 billion lower than originally planned. The new version projects a deficit of CZK 100 billion and the deficit is expected to remain at 2.9 percent of gross domestic project. The government will present the budget for approval by the Chamber of Deputies on November 23.

Author: Ian Willoughby