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The Czech crown has further room to drop in the coming 12 months as analysts adjust forecasts to weaker levels with interest rate cuts coming down the line, while Hungary s forint is likely to buck. ....
Analysis-In Czech election, the prize is one of EU's fastest-growing debt burdens | WTAQ News Talk | 97.5 FM · 1360 AM wtaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtaq.com Daily Mail and Mail on Sunday newspapers.
By Jason Hovet PRAGUE (Reuters) - The Czech government has ditched a long tradition of frugality over the last few years by piling tax cuts and wage hikes on top of pandemic spending, putting the country s debt on course to hit critical levels much faster than anyone expected. That leaves an unenviable challenge for whichever party wins this weekend s national election in the Czech Republic. The Czech Finance Ministry forecasts public debt will hit 43.5% of GDP this year, up from 30% in 2019, after two years of record budget deficits, and the International Monetary Fund estimates the country will have the second-fastest rising debt burden in the European Union by 2025. Wary of frightening away voters, all political parties have ruled out major tax hikes and shown no plans for other painful measures, but the next government faces a likely rude awakening and tough choices to find new revenue and cut spending. The (next) government will have to come up with immediate savings, and there mu ....
PRAGUE (Reuters) - The Czech government has ditched a long tradition of frugality over the last few years by piling tax cuts and wage hikes on top of pandemic spending, putting the country's debt on course to hit critical levels much faster than anyone expected. ....
Analysis-In Czech election, the prize is one of EU's fastest-growing debt burdens wtbx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtbx.com Daily Mail and Mail on Sunday newspapers.