Finance Ministry envisages next year’s budget deficit at 48.5 billion

A Finance Ministry proposal for next year’s budget, which is to be debated by the government on Monday, sets next year’s deficit at 48.5 billion crowns, the Czech News Agency reported on Thursday. For 2018 the ministry envisages a deficit of 38.5 billion and for 2019 18.5 billion. The Finance Ministry is willing to increase the deficit in case of higher spending by ministries and other state authorities. Under the agreement between coalition parties, the deficit could reach up to 60 billion crowns next year and 50 billion crowns in 2018.

Author: Ruth Fraňková