Czech Repubic to Restrict Budget Cuts

Politics ♦ Published: May 31, 2013; 19:31 ♦ (Vindobona)

To boost domestic economy, the Finance Ministry announced to temporarily restrict budget cuts.

Czech Repubic to Restrict Budget Cuts / Picture: ©

The Czech Finance Ministry is intending on limiting budget cuts for the time being and enhance economic growth with the support of the state budget, the ministry announced today. The public deficit is supposed to decrease to 2.8 percent of GDP this year compared to last year’s 4.4 percent, the outlook forecasts. The deficit is expected to stagnate in the coming years. The Finance…