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MPs approve state budget for 2015

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The lower house of the Czech Parliament on Wednesday approved the state budget for next year. The budget projects a deficit of CZK 100 billion, or around 3% of the country’s GDP. Compared to this year’s budget, the revenues are set to increase by 20 billion while expenditures should rise by 8 billion. During a debate in the lower house on Wednesday, MPs approved some minor changes including an additional 450 million crowns for welfare and social services.

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