PM: Extra funding for post-flood projects will not come from increased taxation

Alongside CZK 4 billion already earmarked for dealing with the impact of the floods, the government will release more funding for that purpose, the Prime Minister Petr Nečas said on a TV debate show on Sunday. Mr. Nečas said that would not necessitate an increase in taxation, special budgetary measures or exceeding the state budget deficit set for this year. Alongside the CZK 4 billion mentioned, the government said last week it was setting aside CZK 1.3 billion from the State Fund for Transport Infrastructure for post-flood projects.

Author: Ian Willoughby