Czech Finance Minister Alena Schillerova’s first draft of the government budget for 2021 predicts a deficit of CZK 116 billion. However, this figure is anticipated to rise significantly due to costs related to the coronavirus pandemic. It also excludes the budgetary impact of planned reforms to income tax that are currently under discussion within the government. For these reasons, Schillerova anticipates that the figure will be revised further down the line.
