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Czech PM Babis postpones promised tax cut, cites budget shortage

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Czech Prime Minister Andrej Babis postponed tax cuts worth more than 22 billion crowns per year over the weekend, saying the state budget will be tight next year. The country had fiscal surplus for the third year in a row in 2018, and the Finance Ministry forecasts surpluses, albeit smaller, in the coming three years as the economy slows.

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