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“I do not like the deficit, but we must invest and build,” Babiš says

From iDNES · () Czech

Translated from Czech and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Czech Prime Minister Andrej Babiš defended a proposed budget deficit of 389 billion korunas, despite criticism.
  • He said the government needed to complete key construction projects, then tackle the deficit while increasing investment, and criticized the Czech National Bank over the shortfall.

Andrej Babiš says he does not like the proposed deficit, but argues that the Czech government must keep building and investing.

Finance Minister Alena Schillerová has prepared a draft state budget for next year with a deficit of 389 billion Czech korunas. Babiš rejected criticism of the figure.

The prime minister said some major construction projects need to be completed first. After that, he said, his government wants to address the deficit while also investing more.

Babiš also criticized the Czech National Bank over the size of the shortfall.

I do not like the deficit. But now we have to invest and build.

· Andrej BabišDefending the proposed state budget while arguing that major construction projects must continue.
About this summary

Originally published by iDNES in Czech. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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