President Pavel: Tax and pension system is unsustainable

(CIANEWS) - Petr Pavel took the presidential oath of office at a joint session of both chambers of Parliament. During his inaugural speech, he stated, among other things, that in order to correct the unsustainability of the current tax or pension system, it will be necessary to target assistance to the most vulnerable, rather than across the board. The President said the economy needed to be put back on a sound footing and rebalanced by reducing inflation and the public deficit.



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