The centre-right government will press ahead with reforms aimed at reducing the deficit in public spending, Prime Minister Petr Nečas said in an address to the annual Žofín economics forum in Prague. In the years 2013-2014 the government aims to bring the deficit in public spending under 3 percent of GDP and, if the economy grows, the country could achieve a balanced budget by 2016. Mr. Nečas said that pushing through austerity measures to achieve this was a thankless task which undermined the cabinet’s popularity with the public, but he said he was determined to see it through. The 129th Žofín Forum is focussing on the state of the Czech economy, the government-proposed reforms for the coming years and their possible impact.
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