year on the ten-year debt of the government of R this morning surpassed the level of 2.3 percent (see chart no). This happened for the first time since January 28, 2014, according to data from the Bloomberg agency. This means that the year is the highest in the whole time it is Andrej Babi either by the Minister of Finance or by the Prime Minister. Since the end of January 2014, this year has never been as high as today. Pig He took up the post of Minister of Finance on 29 January 2014.
From the point of view of the development of roen eskho debt, Babi’s government is now leaving. Probably the Violet government, which is born, will make the elite noticeable for a year on its debt, not with what the government Babiova had to deal with or the government Sobotkova had to go before.
Debt service costs mean that reforms that can vtzn coalition Together in elective program, they will go painfully. The coalition promises to dream together deficit sttnho rozpotu at 1.5 percent HDP by 2025. But more will have to pay for the years, darken more will have to cut the old age pensions, sociln dvky, healthcare, kolstv, infrastructure and the like to the promised deficit doshla. Darkness will have to increase and, ppadn tm vce sttnch the employee will have to lay off. Rst was created mry unemployment but it should at least ease inflan pressures.
Moreover, the situation is now complicated by the first rapid growth inflation. Its dramatic rise to its maximum since 2008 and the related growth of inflationary stocks is a key source of a significant increase in government debt in recent weeks. esk nrodn banka At the same time, the increase in the basic rate, which inflation intends to tame, not far from the end, which means that you can expect put strong pressure on the growth of the year on the Czech debt and its sharp increase.
Luke Kovanda, Ph.D.
Nrodn ekonomick rada vldy (NERV)
Chief Economist, Trinity Bank
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