The Czech Republic should fulfill its goal to cut the public-finance deficit to 3 percent of its economic output this year, unless there is a “severe” worsening of the economic situation in the euro-area, Czech Finance Minister Miroslav Kalousek said today on the state TV channel CT1.
“Unless there’s a severe worsening of the situation in the euro zone, I don’t have any reasons to reckon that we won’t fulfill the central state and public finance budget goals for this year,” Kalousek said on CT1.
The Czech Republic’s deficit in 2011 was 3.1 percent of gross domestic product.
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