Recently, many developed countries, including USA, have been struggling to cut their large budget deficits.In this respect, the Czech government’s plans appear quite ambitious: the government has approved the first outline of the 2012 budget, with state expenses no bigger than CZK 1,154bln (EUR 48bln). This would mean nearly CZK 30bln (EUR 1.24bln) less in comparison with this year’s planned expenses.
