Finance minister: deficit could be 112 billion

Next year's state budget deficit could reach 112 billion crowns outgoing Finance Minister Jan Fischer said Sunday on public broadcaster Czech TV. Originally, the interim government had counted on a deficit of two billion less. The finance minister stressed that essential for him was that the number did not exceed three percent of GDP. The government is still to debate the budget proposal; the tripartite, with union, government, and business representatives will also meet to discuss the budget on September 20.

Author: Jan Velinger