(Bloomberg) -- The Czech government is failing to take
advantage of record economic growth to cut spending, overhaul the
pension and health-care systems and narrow the budget deficit, a
draft European Union document shows.
EU finance ministers meeting today in Brussels will warn the
government risks missing a 2008 deadline to cut the budget deficit
in line with EU norms, according to the document seen by Bloomberg.
The cabinet has pledged to cut the gap to 3.5 percent of gross
domestic product next year and 3.2 percent in 2009 from a projected
4 percent this year.
Read more at Bloomberg Emerging Markets News
advantage of record economic growth to cut spending, overhaul the
pension and health-care systems and narrow the budget deficit, a
draft European Union document shows.
EU finance ministers meeting today in Brussels will warn the
government risks missing a 2008 deadline to cut the budget deficit
in line with EU norms, according to the document seen by Bloomberg.
The cabinet has pledged to cut the gap to 3.5 percent of gross
domestic product next year and 3.2 percent in 2009 from a projected
4 percent this year.
Read more at Bloomberg Emerging Markets News
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