Deficit government spending Petr Fiala Commentary czech republic Trending

Czechia is facing a debt disaster

The problem facing the Czech government, and the entire Czech Republic, is not the planned one-time deficit of 295 billion crowns (€12.1 billion) but the fact that this year’s deficit will be even more monstrous, increasing to 380 billion crowns next year. The actual performance will undoubtedly be worse than the plan, and the debt […]