Havlíček: CR’s indebtedness to grow to 35-40% of GDP

(ČIA) With the budget deficit increase to CZK 500bn, the Czech Republic’s indebtedness will grow from 30% to about 35-40% of GDP, Minister of Industry and Trade and Transport Karel Havlíček (ANO) said after a meeting with President Miloš Zeman and his expert team on June 13, 2020. The way the money will be invested needs to be resolved, he said. It will be necessary to talk about the budget revenues, as well. Miloš Zeman said the Czech Republic could afford the deficit increase.



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