According to the proposal, total budget revenues should be 1.39 trillion crowns this year and expenditures 1.89 trillion crowns. Revenues should thus be lower by 102.7 billion crowns compared to the approved budget and expenditures higher by 77.3 billion crowns.
According to the economists contacted, the proposed deficit is 500 billion crowns is unfounded. According to them, the current economic situation and the latest estimates of economic development would justify a deficit of around 400 billion crowns.
“We are among the countries with the lowest debt and the best ratings. It is our duty take advantage of this great position and continue to massively support the economy. Whether through tax cuts or through direct aid schemes, where we will pay 40 billion crowns in February and March alone, “said Schillerová.
According to today’s information from the Ministry of Finance, changes in taxes in the form of abolition of the super-gross wage, reduction of taxation, increase of the taxpayer’s discount by CZK 3,000 and a change in the budget allocation of taxes will lead to a decrease in budget revenue by CZK 89.5 billion.
According to the chairwoman of the National Budget Council, Eva Zamrazilová, the adoption of the tax package at the end of last year proves even more irresponsible in connection with the increase in the budget deficit than it appeared at the end of last year, when the change was adopted.. “Consolidation of public finances is now even more in sight,” she said.
Revenues will also be negatively affected payment of a new compensatory bonus, which will come to the state budget in February and March, according to the ministry, to 18 billion crowns.
New law on the compensation bonus should no longer be linked to an emergency. The draft, which was also approved by the government today, envisages that the support will be aimed at companies and entrepreneurs, whose sales fell by 50 percent or more during the decisive period. In addition, the law increases the daily allowance from 500 to 1,000 crowns. According to an earlier statement by the Minister of Industry and Trade Karel Havlíček (for YES), the new compensation system is also based on continuation of the Antivirus program or a contribution of CZK 500 per day per employee. According to Sunday’s statement by Havlíček, the new area compensation system should amount to 20 to 25 billion crowns per month without guarantees.
According to the Ministry of Finance, the amendment envisages 37 billion crowns for business support in the form of a new program to support entrepreneurs consisting of payments for employees, the Antivirus program, a program to help entrepreneurs in gastronomy, a program to support ski resorts and trade fairs.
The amendment also provides for a releasem 12.2 billion crowns for rewards to health professionals for deployment in the second wave of the pandemic, covering the cost of testing the presence of the virus in schools for 3.8 billion crowns or seven billion crowns for the purchase of vaccines. At the same time, the amendment increases expenditures on child allowances by 2.7 billion crowns and 1.7 billion crowns will go more to active employment policy.
For the whole of last year, affected by the effects of the pandemic, the state budget ended up in a record deficit of 367.4 billion crowns. The budget for last year, which was approved by the Chamber of Deputies, counted on a deficit of 500 billion crowns, and deputies increased it three times at the suggestion of the government due to the effects of the coronavirus epidemic from the original 40 billion crowns.
In the first month of the year, the state budget ended in a deficit of 31.5 billion crowns. It was the highest January deficit since the establishment of the Czech Republic.
Source: Blesk.cz by www.blesk.cz.
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