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“The government will increase spending as it will raise more money thanks to lower interest rates,” writes Hospodářské Noviny, noting that Finance Minister Miroslav Kalousek has put his words into action – no further austerity measures are expected.
As Czech PM Petr Nečas declared: “We are fine with the fact that the public deficit will not exceed 3 per cent of GDP, and that alongside fiscal consolidation, we will be able to prepare the ground for growth.”
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