Czech Government Sticks To 2020 Budget Deficit Target: PM

www.oann.com | 5/9/2019 | Staff
tictac399 (Posted by) Level 3
PRAGUE (Reuters) – The Czech government will stick to plans for a 40 billion crown ($1.73 billion) central government budget deficit in 2020, unchanged from its 2019 target, Prime Minister Andrej Babis said as draft preparations near an end.

The Czech Republic’s overall public finances have been one of the European Union’s stronger performers in recent years with an fiscal surplus since 2016 although a slowing economy and higher spending commitments have pushed it to seek savings.

Babis - Facebook - Profile - Sunday - Evening

Babis said on his Facebook profile on Sunday evening that state income would increase by around 100 billion crowns next year. He said a planned digital tax would raise around 5 billion crowns.

Investment spending was set to rise by 13 billion crowns to 135...
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