MPs approve state budget for 2015
The lower house of the Czech Parliament on Wednesday approved the state budget for next year. The budget projects a deficit of 100 billion crowns, or around 3 percent of the country’s gross domestic product. Compared to this year’s budget, the revenues are set to increase by 20 billion while expenditures should rise by 8 billion. During a debate in the lower house on Wednesday, MPs approved some minor changes including an additional 450 million crowns for welfare and social services. The opposition has criticized the budget over lower funds allocated for investment; these are set to reach 75 billion crowns next year, some 25 billion less than in 2014.