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Czech News in English » Business » Finance » FinMin sees revenue in 2012 cut on slower growth

FinMin sees revenue in 2012 cut on slower growth

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Finance Minister Miroslav Kalousek said revenue for the state budget in 2012 may be lower by as much as CZK 15 billion as the economy grows more slowly than forecast. “All of Europe is quite turbulent and we cannot exclude that we are heading toward another recession,” Kalousek said Sunday in a television debate show on Prima TV. “We will know more by the end of October but it is almost impossible that someone will be able in December with certainty to say what will happen to the economy through 2012.”

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