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Czech FinMin seeks cuts for 2020 budget as growth slows

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Czech Finance Minister Alena Schillerova has asked government ministers to prepare spending cuts which would make up for a drop in state revenues in 2020, estimated at 50 billion crowns, Lidove Noviny reported on Thursday. Citing a Finance Ministry document, the newspaper said that without cuts to make up for that expected revenue drop, the central state budget deficit would swell to 90 billion crowns.

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