Bloomberg News

Czech Republic Should Meet 2012 Fiscal Goals, Kalousek Tells CT1

June 24, 2012

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.

To contact the reporter on this story: Lenka Ponikelska in Prague at

To contact the editor responsible for this story: James M. Gomez at

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