The Czech government could allow the 2020 central state budget deficit to grow b...
PRAGUE - The Czech government could allow the 2020 central state budget deficit to grow beyond a planned 40 billion crown gap to boost investments if a slowdown worsens, Prime Minister Andrej Babis told Czech Television on Wednesday.
Babis’ government is planning higher spending in the 2020 budget for pension and public sector salaries and new investment while keeping the deficit target unchanged from 2019. “If the economy slows and the private sector does not invest as much as before, then we will have to compensate for that,” Czech TV cited him as saying.
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