Photo: René Volfík, iROZHLAS.cz
The Fiala government has unveiled an austerity package aimed at reducing the country’s deepening state deficit and plans for a radical reform of old-age pensions. To understate the gravity of the situation the package titled “Czechia in Good Shape” was unveiled at a press briefing scheduled for five minutes to twelve – signalling the lateness of the hour.
For months now, the government had made it clear that the country’s public finances were heading for trouble and the public must prepare to shoulder the burden of far-reaching consolidation measures that would impact each and every member of society. At a press briefing on Thursday, Prime Minister Petr Fiala told Czechs the fat years were over and the lean years were ahead.
“Our main goal is to stop the spiraling deficit in public finances, to turn around the negative trend that was established by former populist governments. The deficit in public finances has been rising at a horrifying rate. If we do not hit the brakes now the situation will get out of control and our children and grandchildren will have to pay the price.”
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Author: Daniela Lazarová