New social benefits to parents of young children. National debt increases by 100 billion crowns last year.Kapsch confirmed as company to build electronic toll system. Aero Vodochody sale postponed.
New social benefits to parents of young children
National debt increases by 100 billion crowns last year
The increase in spending comes on the heals of the Finance Ministry announcing this week that government debt increased by 100 billion crowns last year, or about four billion dollars. Most of this increase came form the budget deficit, which was 56.4 billion crowns. Analysts say that at a time when the economy is growing at a record pace, the government should strive to lower the budget deficit in order to cut the debt.
Kapsch confirmed as company to build electronic toll system
Aero Vodochody sale postponed
Finally, the government suspended the sale of defense contractor and aviation company Aero Vodochody until July 17. Eco-Inevestment and Oakfield, Aero Kilcullen Consortium, Benson RPG, Cesky letecky prumysl and a consortium of Czech financial firms PPF and J&T have submitted preliminary offers for the company.