Finance ministry proposing 295 billion crown deficit in 2023

The first working draft of the 2023 state budget recons with a deficit of 295 billion crowns, Czech Television reported citing finance ministry sources. It said the first framework of the budget's revenues and expenditures for next year was discussed by the government on Wednesday. Individual ministries now have until the end of July to submit proposed changes to individual chapters. The finance ministry has to submit the final draft to Parliament by September 30. The budget for this year envisaged a deficit of 280 billion crowns, but that figure may be fundamentally impacted by the war in Ukraine.