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.
