PM tells Czechs 2024 will bring turn for the better

In his Christmas address to the nation, Prime Minister Petr Fiala said the country had seen two hard years, but 2024 would bring a turn for the better. He said that thanks to a policy of fiscal discipline and the government’s austerity package the country’s debt had been brought under control and would fall below 3 percent of the GDP next year.

Mr. Fiala said that inflation had already dropped substantially and next year it would return to pre-Covid levels. The price hikes will end and real wages will start to rise again, the prime minister promised, saying the government’s measures were beginning to bear fruit and Czechs would feel the effects on their family budgets and savings.

He said 2024 would be a year of record investments into road infrastructure, security and defence and the energy sector which would undergo extensive modernisation so that it can provide sufficient nuclear and renewable energy for the future.