Some Czech towns and cities will have to operate on a provisional budget in the coming weeks

A number of Czech towns and cities, including the capital city Prague, will have to operate on a provisional budget in the coming weeks. This is due to the fact that following the change-of-guard in the wake of October’s local elections many newly-installed administrations have been unable to approve next year’s budgets on time. Operating on a provisional budget means that these municipalities will only be able to finance the town’s basic needs and will not be able to make any new investments. Prague is expected to remain on a provisional budget at least until the end of February.