TNBiz (TNBiz)
Finance  |  December 08, 2010 03:55:05

The budget goes to second reading on a number of MPs are


PRAGUE (MEDIAFAX) - The draft budget for next year have already been examined by and now the key document on state goes to second reading in Parliament. Legislators will be meeting during Wednesday's lower house of parliament to submit their amendments.

The second reading is particularly the submission of amendments themselves members who can design and movement of money between budget headings. Proposals will premiere in the words of Petr Necas (ODS) to fall more than 120, some of them will be government.

"For example, due to responsible fiscal policy of government next year will reduce the cost of servicing a billion crowns, which I intend to give this a billion to promote higher education," saidNecas. Such aid is in his interest in strengthening the long-term competitiveness of the Czech Republic.

The incumbent Social Democrat deputy chairman Bohuslav Sobotka, although previously hinted that his party will not be open to amendment, because it refuses to budget as a whole, however, did not rule out that individual members with any suggestions will come. However, the precise form is not yet clear.

After the second reading will come on the agenda for third reading, which may be held earlier than 48 hours after the second reading. In this procedure, MPs vote on the proposals submitted by the various committees and members on the proposals.

Suggestions from the committees are only two. The first grew out of meetings of the Economic Committee and proposes to increase the entry of rail and combined transport in the transport ministry's budget by one million crowns.About the same amount he wants in the budget item of the same Ministry to reduce other expenditures.

The second proposal made by the Agriculture Committee and is an increase in funding to support the agro-industrial complex of 150 million. The committee wants the same amount to reduce other expenses item.

Members of committees and proposals have in common is that they may not change the basic parameters of the budget, thus revenues, expenditures and deficits. Therefore, any increase must be offset by cuts for others. Basic expenditure is fixed by law since he approved the House budget in first reading.

Ministry of Finance, which compiled the budget, expected next year with revenue of $ 1.044 trillion crowns and expenditures of 1.18 billion crowns. The resulting deficit is 135 billion, representing 4.6 percent of GDP deficit.

The highest spending has traditionally Ministry of Labour and Social Affairs, which pays pensions and social benefits. This ministry is in the next year to spend 483.78 billion crowns, of which most are spending on pensions. Next year, this item is to climb 354.7 billion crowns.

The second highest item is a general cash management, which next year will spend 158.66 billion crowns. In this budget heading are such payments to the budget of the European Union (35250000000), transfers to general government (52997000000) or support for exports 16.64 billion crowns.

Acquires an imaginary bronze Ministry of Education, which next year will spend 126.086 billion. Most of this amount is accounted for by regional education (82.8 billion) and for science and higher education (34870000000).

The fourth largest expenditure item in the national debt, which we will come out next year to 79.59 billion crowns. The vast majority of this amount represents interest payments.

George Taborsky,

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