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Czech VAT to Increase
In order to increase public revenues, the Czech government may increase value added taxes.
Czech VAT to Increase / Picture: © Vindobona.org
At the moment, the public debt level amounts to about 40% of GDP. In the Eurozone, the average debt quota is about 90%. However, the Czech budget deficit remains relatively high. After a deficit of 4.8% in 2010 and a deficit of 3.1% in 2011, there is a slight upward trend. For 2012, economists anticipate a budget deficit of 3.4% in 2012 and in 2013.
As a result, the Czech…
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