Saturday 5th June, 2010
ARTICLE
State budget deficit
The state budget had a deficit of CZK 95.4 bln as of the end of May 2010; it represents the worst figure in the whole existence of the Czech Republic. The deficit increased by another CZK 17 bln in May 2010 alone. The state budget for the whole year 2010 was approved with a deficit of CZK 162.9 bln. The 2009 budget had a record all-year deficit of CZK 192.4 bln, even though the deficit amounted only to CZK 71.4 bln in May 2009. Finance Minister Eduard Janota said earlier that he planned further austerity measures still in 2010. The aim is to keep the planned public finance deficit on the level of 5.3 % of the gross domestic product. Source: Právo 15
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