Govt Approves Adjusted 2020 Budget

ministry of finance

The Czech government approved another adjustment to the 2020 central state budget on Monday, setting the planned deficit at CZK 300 billion as the country deals with the new coronavirus outbreak, Finance Ministry said.

Originally, this year’s budget was planned with a 40-billion-crown deficit, but the macroeconomic outlook worsened significantly due to the impact of the global pandemic and measures which the Czech Republic and other states implemented in order to tame the illness.