Finance minister: tax revenues to increase by 15 percent in 2022

Tax revenues will increase by 15 percent this year and 10 percent next year, basically copying inflation, Finance Minister Zbyněk Stanjura said at a conference of the Union of Towns and Municipalities on Thursday. He also pointed out that state budget expenditures are now growing much faster than revenues due to mandatory budget expenditures. In a related news report, the National Budget Council warned on Thursday that high inflation will necessitate  a pension hike that will require an extra CZK 20 billion that is not in next year's draft budget projections.