Reuters revealed that the Czech Republic’s finance minister aims to keep next year’s budget deficit target below this year’s plan — after a report last week showed a higher gap — to help bring the fiscal gap within European Union limits by 2024. The war in Ukraine has led to a downturn in growth in the central European country, as well as more spending on defence and aid for hundreds of thousands of refugees. Inflation is compounding pressure on the ruling coalition for more spending. 

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Europe

Countries: Czech Republic

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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