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State budget passed with CZK 112bn gap

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The Chamber of Deputies today passed the 2014 state budget projecting a deficit of CZK 112 billion, an increase compared with this year’s planned gap of CZK 100 billion. The budget bill will be submitted to President Miloš Zeman for signing. The Senate, the upper house parliament, does not vote on state budget bills. 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 (ČSSD), ANO and the Christian Democrats (KDU-ČSL).

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