2025 Czech budget proposal aims to reduce deficit to 2% GDP, maintain NATO defence spending, raise teacher salaries, and increase investment.
The Czech Finance Ministry has proposed a 2025 budget aiming to reduce the deficit by 9% to about 2% of GDP, targeting a fiscal gap of 230 billion crowns ($10.2 billion). The draft maintains defense spending at NATO's 2% GDP requirement, increases teacher salaries, and boosts investment funding. The government will debate the proposal before finalizing it for parliamentary submission by the end of September, amid internal coalition tensions.
September 01, 2024
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