MPs approve budget for 2023

(CIANEWS) - The Chamber of Deputies approved in the first reading the revenues, expenditures and deficit of the state budget for 2023. Budget revenue is expected to amount to CZK 1.93bn, expenditures to CZK 2.22bn and deficit to CZK 295m. Prime Minister Petr Fiala (ODS) identified defence and investments in transport infrastructure, education and other sectors as the main priorities of the state budget for 2023. He added that the composite tax quota amounts to 34.5%. Thus, even after the inclusion of extraordinary measures, windfall tax and the levy on excess revenues from electricity generation, it will be at the level of 2018.



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