(ČIA) On April 1, 2020, the Government of the Czech Republic passed an amendment to the Act on Budgetary Accountability Rules, which responds to the economic impact of the coronavirus pandemic. The standard proposes to create a fiscal space at the level of a structural deficit totaling 4% of GDP for 2021. In the following years, public finances would then be consolidated according to the EU Council Regulation by half a percentage point year on year. As a result, the Czech Republic will again meet the medium-term budgetary target by 2028 and the economy will not be destabilized by excessive one-off negative fiscal shocks.