2018 budget approved in first reading

Czech MPs approved the basic parameters of next year’s state budget in the first reading on Tuesday afternoon. Some 116 deputies from the outgoing three-party coalition and from Freedom and Direct Democracy raised their hands for outline figures such as revenues and expenditures as well as a CZK 50 billion deficit.

Deputies can now propose changes within the budget, though the basic framework will remain the same. The final approval of next year’s budget is expected after December 19.