Bloomberg News

Czech Government May Delay Budget Balancing, Hospodarske Says

July 02, 2012

The Czech government may delay balancing public finances beyond the planned goal of 2016 because of slower economic growth, Hospodarske Noviny reported, citing Premier Petr Necas.

The Cabinet will stick to its goal of reducing the fiscal shortfall to less than 3 percent of gross domestic product, the newspaper quoted Necas as saying.

To contact the reporters on this story: Peter Laca in Prague at placa@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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