Oct. 5 (Bloomberg) -- The Czech government may need to raise the value-added tax rate to continue reducing the budget deficit because it has limited room to cut spending, Deputy Finance Minister Jan Gregor said.
Gregor was speaking in an interview on the Radio Impuls.
The Cabinet plans to unify the VAT rates, currently standing at 10 percent and 20 percent, at 17.5 percent in 2013.
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