{"id":6144,"date":"2018-08-28T00:00:30","date_gmt":"2018-08-27T23:00:30","guid":{"rendered":"https:\/\/praguebusinessjournal.com\/?p=6144"},"modified":"2019-10-26T21:54:35","modified_gmt":"2019-10-26T20:54:35","slug":"spd-rejects-anos-kc40-billion-deficit-draft-budget","status":"publish","type":"post","link":"https:\/\/praguebusinessjournal.com\/spd-rejects-anos-kc40-billion-deficit-draft-budget\/","title":{"rendered":"SPD Rejects ANO&#8217;s Kc40 Billion Deficit Draft Budget"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">Prague, Aug 28 (CTK) &#8211; The opposition anti-EU Freedom and Direct Democracy (SPD) movement will not back the latest 2019 state budget draft with a 40-billion crown deficit announced recently by Finance Minister Alena Schillerova (for ANO), which is by 10 billion lower, it said in its statement for CTK today.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The SPD says the 40-billion deficit is proposed in spite of the current economic growth.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;The reason for the deficit is a continued increase of expenditures on state administration, further draining of the state budget by political NGOs, continuation of a non-directed welfare system, which supports the maladaptable and enables a trade with poverty. The SPD movement will not support such a proposal,&#8221; the SPD writes.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The movement has 22 seats in the Chamber of Deputies with 200.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">A lower deficit is possible thanks to the expected rise in salaries, and consequently also in taxes and insurance payments, Schillerova said on Sunday.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The rise in salaries in the public sector is to be discussed yet. The trade unions call for a 10-percent pay rise. The junior government Social Democrats (CSSD) support this requirement, while the senior government ANO opposes it.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The government presented its draft budget for 2019 with a 50-billion-crown deficit in June. The Finance Ministry then projected the total budget revenues of 1,432 billion crowns, which is 117 billion more compared to the 2018 budget, and the expenditures of 1,482 billion crowns.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"p1\"><span class=\"s1\">The new budget draft should be published on the government&#8217;s website by the end of August. The cabinet should discuss it by September 19. The Chamber of Deputies should be presented the bill on the state budget by the end of September.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prague, Aug 28 (CTK) &#8211; The opposition anti-EU Freedom and Direct Democracy (SPD) movement will not back the latest 2019 state budget draft with a 40-billion crown deficit announced recently by Finance Minister Alena Schillerova (for ANO), which is by 10 billion lower, it said in its statement for CTK today. &nbsp; The SPD says &#8230; <a title=\"SPD Rejects ANO&#8217;s Kc40 Billion Deficit Draft Budget\" class=\"read-more\" href=\"https:\/\/praguebusinessjournal.com\/spd-rejects-anos-kc40-billion-deficit-draft-budget\/\" aria-label=\"Read more about SPD Rejects ANO&#8217;s Kc40 Billion Deficit Draft Budget\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":2497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[3],"tags":[743,24],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SPD Rejects ANO&#039;s Kc40 Billion Deficit Draft Budget - Prague Business Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/praguebusinessjournal.com\/spd-rejects-anos-kc40-billion-deficit-draft-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SPD Rejects ANO&#039;s Kc40 Billion Deficit Draft Budget - Prague Business Journal\" \/>\n<meta property=\"og:description\" content=\"Prague, Aug 28 (CTK) &#8211; The opposition anti-EU Freedom and Direct Democracy (SPD) movement will not back the latest 2019 state budget draft with a 40-billion crown deficit announced recently by Finance Minister Alena Schillerova (for ANO), which is by 10 billion lower, it said in its statement for CTK today. &nbsp; The SPD says ... 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