Czech coalition to run budget deficit to support growth


  • World
  • Friday, 13 Dec 2013

PRAGUE (Reuters) - The Czech Republic's next government will abandon efforts to balance the books but will keep its budget deficit below the EU's limit as it seeks to spur spending and economic growth, the man likely to be the next prime minister said on Friday.

Bohuslav Sobotka, whose Social Democrats are in coalition talks with centrist movement ANO and the Christian Democrats, said the three parties had agreed to target a fiscal gap below 3 percent of gross domestic product for the next four years.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

KPMG hires ex-prisoners with support of UK gov't
U.S. dollar ticks up
UNICEF supports vaccination of over 460,000 children in Libya in 2023
Saudi Arabia's King Salman leaves hospital following routine check up - TV
Germany's hydrogen expansion stuck in investment backlog: E.ON
Zambia strives to eliminate malaria with China's help, says health official
Cuba apologizes to Canada for delivering wrong body to grieving family
Expanded immunization saves over 50 mln lives in Africa: WHO
Ukraine thanks US on long-awaited aid package, says it will make up for lost time
T�rkiye calls for greater defense cooperation with Germany

Others Also Read