Aktualne.cz: Public finance debt to rise by 95 billion

The aktualne.cz news website has reported that Czech public spending debt should increase by 95 billion Czech crowns or 4.6 billion US dollars next year. Referring to data in the draft state budget released by the Ministry of Finance on Monday, the website reported that there will be a marked rise in investment into the transport infrastructure, although the Education Ministry and the Czech Academy of Sciences would receive less money. Aktualne.cz also reckons that public spending in 2008 will reach 2.95 percent of GDP, just below the crucial 3-percent limit set by the EU for the adoption of the euro.

Author: Coilin O'Connor