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Czech News in English » Business » Finance » Record state deficit sparks fears

Record state deficit sparks fears

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Figures just out have confirmed that the Czech state is heading for a record-breaking and massive public deficit this year. Higher spending and a dramatic drop off in revenue from taxes could see a ten-fold jump in the deficit by the end of this year compared with last. Leading analysts are now warning that the debt and deficit powered public finances are heading off the rails.

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