TNBiz (TNBiz)
Czech republic  |  October 22, 2012 10:10:05

Members begin to discuss the budget for the year 2013 are to increase VAT

PRAGUE (MEDIAFAX) - Lawmakers in the lower house of parliament will start at the meeting, which will begin on Tuesday, discussing the state budget bill for next year, which allows for a deficit of 2.9 percent of GDP, 100 billion crowns. Condition for keeping this deficit is the approval of the tax changes.

Next year he wants Finance Minister Miroslav Kalousek (TOP 09) into the state treasury to get the same amount of money as this year, ie 1.084 trillion crowns. Government spending should however decrease by five billion crowns to 1.184 trillion crowns. The state budget deficit is exactly 100 billion. Mandatory spending should increase next year by 4.3 billion to 695.1 billion, non-mandatory spending would be contrary to decline by 9.3 billion crowns. In subsequent years, the ministry wants to reduce the deficit in 2014 is expected to decline to 2.5 percent of GDP, and a year later to 1.6 percent.

To sustain the proposed deficit for next year, however, is passing legislation such as increases both the VAT rate by one percentage point to 15 or 21 percent, introduces seven percent "solidarity" tax on people with incomes of more than 100,000 crowns a month, and other changes.

The proposal to tax changes after the rejection by the Senate in September rejected the deputies, the government would therefore decided lawmakers submit again, but this time with a vote of confidence in the Cabinet of Prime Minister Petr Necas (ODS).

The package is now in its second reading and MPs will it again during this plenary session addressed. Agreement against the law to build several ODS deputies headed by Peter Tlučhoř and Boris Stastny. The Prime Minister is trying to negotiate with them, gave them such a compromise proposal to increase only the lower VAT rate by one percent and the top remained intact.

If the tax package of assent awaiting government end and the Czech Republic unification tax to 17.5 percent from January 2013. Budget Committee has already recommended that the voices of opposition to adopt an amendment that would let preserved the current tax rate.

Consolidation measures include indexation of pensions such as slowing the rise in inflation-third and one-third increase in real wages. This part of the consolidation package already approved by President Vaclav Klaus. The condition for the reality of the budget is also able to draw money from public enterprises, the Ministry of Finance is planning for 2013 to convert four billion crowns from the Forests of the Czech Republic to the state budget.

Kalousek Department is convinced that the proposed measures will save 25.6 billion crowns, on the revenue side wants to get 32.4 billion crowns. Without these steps, the budget deficit climbed up to 158 billion crowns.

The final vote on tax changes could happen to ODS congress, to be held on the third weekend to 4 November. Can hear is voices that the "rebels" from the Civic Democrats, not the tax changes, but to strengthen its influence in the party, or to overthrow the Prime Minister Necas front of the largest right-wing party.

Ministry of Finance foresees GDP growth next year by one percentage point, inflation is expected to reach a level of 2.2 percent. Consolidated gross government debt is expected to increase by the end of next year to 1.82 billion crowns, which is 46.4 percent of GDP. National debt is 94.1 percent of the total debt, the rate of growth slows but year.

Jan Drahorád,

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