The Czech government needs to dig deeper than it plans to shore up the state budget which has fallen to record deficits, and must act fast as the next election approaches, a senior budget watchdog official told Reuters.
The centre-right government of Prime Minister Petr Fiala plans to cut budget deficit by 70 billion crowns ($3.29 billion)next year from the 295 billion gap penciled in for this year as the country emerges from the double hit inflicted by the COVID pandemic and war in Ukraine.
