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Czech Chamber of Deputies approves 2017 state budget

Xinhua, December 8, 2016 Adjust font size:

Czech Chamber of Deputies approved the 2017 state budget on Wednesday, local media reported.

The budget means the state deficit in 2017 is expected to fall by 10 billion crowns (400 million U.S. dollars) to 60 billion crowns compared with 2016.

Before the Chamber of Deputies' session, Czech Prime Minister Bohuslav Sobotka said the deficit target was realistic and it improves social cohesion.

Sobotka said the government's economic policy also concentrates on reducing unemployment and raising citizens' standards of living.

The budget contributes to improving social standards and promotes the country's social solidarity with pension indexation and the raising of salaries in the public sphere next year, he added.

The 2017 state budget of the Czech Republic set revenues at 1.24 trillion crowns (50 billion U.S. dollars) and expenditure at 1.3 trillion crowns.

The budget was passed by 104 votes for and 70 against. It will be to be signed into law by Czech President Milos Zeman.(1 U.S. dollar = 25 Czech crowns) Endit