Czech parliament approves 2014 budget gap of just below 3 percent of GDP

December 7, 2013 4:23 PM

18 0

Czech parliament approves 2014 budget gap of just below 3 percent of GDP

PRAGUE (Reuters) - The lower house of the Czech parliament approved the 2014 state budget draft in the first of three readings on Friday, setting a slightly higher deficit target than this year but still within EU deficit rules.

The proposed central budget gap of 112 billion crowns ($5.57 billion) would put the overall public sector deficit, which also covers regional governments and other public funding, just below the European Union's official ceiling of 3 percent of gross domestic product.

Read more

To category page

Loading...