Government approves preliminary budget for 2015

The Czech government approved preliminary state budget for 2015 with a deficit of 100 billion, Finance Minister Andrej Babiš revealed after the cabinet meeting on Monday. The government will continue to discuss the budget until September when it has to approve the draft and submit it to the Chamber of Deputies. The finance minister said the first round of the “marathon” was at an end and that the budget for next year included wage increases for firemen, police, and teachers as well as a rise in pensions and an increase in investment.