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Czech president approves plan introducing budget cuts, taxes Labor unions call for protests

Czech President Petr Pavel has signed Wednesday into law an economic package of dozens of measures introducing budget cuts and increased taxes designed to keep the ballooning budget deficit under control. Pavel's signature was the last step before the government proposal — which was approved by parliament — turned into law that would see Czechs pay more taxes on alcoholic beverages, in the country renowned for its beer, and medicine. Businesses would also pay higher corporate taxes.

Taxes: Czech president Petr Pavel approves plan introducing budget cuts, taxes Labour unions call for protests

Rest of World News: Czech president Petr Pavel has signed an economic package into law, aimed at reducing the country's budget deficit. The package includes budget cuts a

Parliamentary debate on inflation-fighting extra budget begins in Japan

Japan's parliament begins deliberations on a 13.20 trillion yen ($88 billion) extra budget for fiscal 2023 to next March, as the government moves to fund an economy-supporting package that aims to alleviate the burden of rising prices on households.

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