IMF to review government public finance reform package

The International Monetary Fund, IMF, intends to review the Czech government's public finance reform package. According to Czech National Bank vice-governor in Washington, Ludek Niedermayer, the IMF is particularly interested in the proposed new fiscal policy because the state of the national budget is the most sensitive part of economic development. Fiscal reform is also a condition for discussion on the adoption of the euro to start.

The government's proposed reform plan is to be presented to parliament in June, where support for the package of ambitious tax reforms and spending cuts is not guaranteed.

Author: Dita Asiedu