Czechs Target 2013 State Budget Gap at $5.2 Billion

(Corrects figure in headline.)

The Czech government targets a 2013 central state budget deficit of 100 billion koruna ($5.2 billion) if lawmakers approve proposed spending cuts and austerity measures, Czech Finance Minister Miroslav Kalousek said today on Czech state television channel CT24.

The government targets the shortfall of the broader public finances, in which the central budget is the biggest part, at 2.9 percent of economic output in 2013, Kalousek reiterated during a TV interview.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net