President signs state budget for 2007

President Klaus on Friday signed into law the state budget for 2007. The projected deficit is 91.3 billion crowns, which may reach some 4 percent of GDP and falls short of any reforms needed to prepare for the adoption of the euro currency. The government has already said it would postpone the adoption, originally planned for 2010, to an unspecified later date. The debate over next year's state budget was overshadowed by the country's ongoing political crisis.