Czech parliament debates next year’s budget

The Czech Parliament is today (Wednesday) holding its first round of debate on the proposed state budget for next year. The government’s proposal includes a deficit of CZK 241 billion, which is CZK 41 billion less than the revised budget for this year. Opposition party ANO, as well as the Pirates, are calling for the budget to be sent back to the government for revision. The main priorities include public finance consolidation, boosting investments, and addressing the aftermath of recent floods. This year’s budget was adjusted in October to cover an additional CZK 30 billion in flood damage.