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Detail - articles
Czech budget deficit should be CZK 90bln in 2014 and CZK 80bln in 2015

Czech budget deficit should be CZK 90bln in 2014 and CZK 80bln in 2015

19/11/2012 08:42
Author: Research, Patria Finance

Finance minister Kalousek said that he has agreed with PM Necas that the budget deficit should be CZK 90bln in 2014 and CZK 80bln in 2015. This means a deficit of 2.7% of GDP in 2014, compared to the original plan of 1.9%, and 2.5% in 2015, instead of 0.9%. The idea is to promote economic growth by spending money on transportation infrastructure, R&D and export promotion. Kalousek said that when the Necas government leaves office, the debt level will be at about 45% of GDP. 


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