President Klaus signs law on budget amendment

President Vaclav Klaus has signed an amendment to the law on the state budget for 2003. The amendment, passed by the Chamber of Deputies earlier this month, raises the budget deficit to 10.6 billion crowns and both spending and revenues by another 2 billion crowns. The 10.6 billion crowns is the compensation the Czech Republic was ordered to pay the US company CME for failing to protect its investment in the commercial channel TV Nova.