Klaus voices support for proposals to cut budget deficit
On Thursday morning, Czech President Václav Klaus voiced his support for the set of measures proposed by Jan Fischer’s cabinet to cut next year’s budget deficit by around 70 billion crowns (4 billion USD). At a meeting with the prime minister at Prague Castle on Thursday, Mr Klaus was reported to have said that he ‘understood’ why the government was wanting to cut expenditure and raise certain taxes. According to Prime Minister Jan Fischer, Mr Klaus said that he believed such a package was the ‘only way’ to ‘rationally’ maintain the country’s economic health in the course of the coming year. The government is set to finalise Mr Fischer’s set of proposals next Wednesday.