The Czech government will try to meet its 2023 budget deficit target of 295 billion crowns ($13.4 billion) although the gap almost expanded to that level already in May, Prime Minister Petr Fiala said on Sunday.
The central state budget deficit reached 271.4 billion crowns in January-May, its highest level ever for that period, hit by higher pension payments, spending on energy price subsidies and growing debt servicing costs.
"It has not been evolving well, but I still cannot say that we will not meet ," Fiala said in a live debate on CNNPrima News TV station. "We will see during the summer, when revenues will be coming, what is the state of the budget... if not, we are ready for savings this year to get budget under control," he said.
The additional revenue is expected to come from windfall taxes, a dividend from majority state-owned utility CEZFinance Minister Zbynek Stanjura said on Thursday that his ministry will next week propose savings worth at least 20 billion crowns in this year's budget to stem the swelling deficit.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Tour De France 2023 & Pro Cycling Manager 2023 Get New TrailerCheck out the latest trailer for both Tour de France 2023 and Pro Cycling Manager 2023 before they both launch on June 8th.
Leer más »
2023 Memorial Tournament updates: Davis Riley carries lead into second round FridayFollow along for live updates from the second round of the 2023 Memorial Tournament.
Leer más »
Get free donut today from Krispy Kreme, Dunkin’: How to redeem National Doughnut Day promos 2023Both Dunkin' and Krispy Kreme are offering donut deals for visitors today only in celebration of National Doughnut Day.
Leer más »
Twenty Ways to Celebrate Pride Month 2023These events will keep you celebrating all month long!
Leer más »
Engadget Podcast: Apple WWDC 2023 preview | EngadgetWe explore why Apple may want to dive into mixed reality..
Leer más »