Czech President Milos Zeman signs budget bill for next year

Prezident Miloš Zeman přijíždí 18. prosince na schůzi Senátu, který má schvalovat další dva kandidáty na ústavní soudce.

published: 22.12.2013, 18:30 | updated: 22.12.2013 18:31:12

Prague - Czech President Milos Zeman today signed the budget bill for next year into law that reckons with the approved deficit of 112 billion crowns, presidential spokesman Jiri Ovcacek has told CTK.

On Thursday, the budget bill, drafted by the outgoing Jiri Rusnok's caretaker government, was passed by the Chamber of Deputies.

In the 200-seat Chamber of Deputies, the budget bill was supported by 109 deputies from the nascent government coalition, i.e. the Social Democrats (CSSD), ANO and the Christian Democrats (KDU-CSL).

Thirty-nine deputies from the right-wing opposition Civic Democratic Party (ODS) and TOP 09 voted against, while the Communist Party (KSCM) and the Dawn of Direct Democracy movement abstained from the vote.

The projected revenues will rise next year by 18.5 billion to 1,099.3 billion crowns compared with this year.

Expenditures will go up by 30.5 billion crowns to 1,211.3 billion crowns.

The government wants to issue bonds for almost 114 billion crowns in connection with the projected deficit.

TOP 09 and the ODS deputies warned of the reversal of the trend during which the budget deficits were reduced.

However, Social Democrat leader Bohuslav Sobotka, who is likely to be the next prime minister, said the budget was better than under the government with Miroslav Kalousek (TOP 09) as finance minister (2010-2013).

Outgoing Finance Minister Jan Fischer said the budget bill had arisen from the draft prepared by the previous government.

The lawmakers also changed the budget for 2013 by lowering the projected revenues and expenditures by 4.4 billion crowns each.

This is linked to this year's auction of frequencies, put up by the Czech Telecommunication Office. It was originally to obtain the proceeds from the auction in 2013 but will receive them only next year, which is why this year's budget had to be adjusted accordingly.

($1 = 20.253 crowns)

Author:
www.ctk.cz

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