Finance minister to present cut suggestions to cabinet colleagues

The Czech minister of finance, Eduard Janota, says more cuts will be needed if the government is to meet its aim of keeping the budget deficit no higher than 5.3 percent of GDP. Mr Janota said on Tuesday that he would present his cabinet colleagues with proposals on how to save on expenditures, though he refused to reveal any concrete suggestions to journalists. The deficit for 2010 is CZK 163 billion (over USD 8.4 billion), though the left wing parties in the Chamber of Deputies pushed through a number of measures which make that target impossible to reach.