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Gov’t fails to reach agreement on budget framework, postpones decision

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The Czech state budget has been in a huge surplus this year. Budget balance for the first four months of 2016 has reached the biggest cumulative surplus since 1993. According to figures released by the Ministry of Finance early in April, the budget surplus for the first quarter of this year was the highest in the history of the Czech Republic, reaching CZK 43.6 billion.

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