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Czech Deficit in 2013 at 2.9% of GDP

Politics ♦ Published: September 29, 2012; 06:32 ♦ (Vindobona)

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The Czech Government presented the budget bill for 2013. The Maastricht Criteria should be fulfilled.

Czech Deficit in 2013 at 2.9% of GDP / Picture: © Vindobona.org

According to the Czech Prime Minister Petr Necas, the Czech budget deficit will be below the threshold of 3.0% of GDP. Initially, a budget deficit of 3.5% was expected. The budget bill assumes a budget deficit of € 4.0bn next year. Public expenses will total € 47.3bn. Planned public revenues should reach € 43.3bn.

However, the implementation of the budget is still highly…