![EXPLAINED: How Czechia's state budget works – and why the deficit could affect your finances](/images/publishing/articles/2023/12/1280_650/istock-by-mikhailmishchenko-alexsecret-armir.webp)
EXPLAINED: Czech president signs consolidation package – what’s next?
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The package changes the country’s value-added tax (VAT) system, increases many taxes and cuts a range of subsidies.
Czech government to ask European Commission for CZK 137 billion loan
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Part of the country's National Recovery Plan, the loan and other EU grants aim to bolster Czechia's economy.