31st August 2014

Czech national budget is to have the deficit of 90 bn

According to the interview with Prime Minister Bohuslav Sobotka the Czech national budget is to have the deficit of 90 bn CZK which is significantly less than previous estimate of 112 bn CZK. According to the estimates presented by the Prime Minister the economy should grow steadily in the next two years by 2.5 %. This gives the government the opportunity to rework the budget and to allocate more money to some areas. So far Ministry of Finance counted with the deficit of 100 bn and already allocated 16 bn more to the particular resorts. With the estimate of the deficit of 90 bn the amount of allocated money could be even better. The deadline for the government to present its proposal to the Parliament is set to the end of September. The government coalition accordingly to its programme wants to use the money to boost the industrial growth.

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Members of the American Chamber of Commerce in the Czech Republic