(Bloomberg) -- Czech central bank Deputy Governor
Ludek Niedermayer said he is skeptical the government will
manage to revamp fiscal policy enough to keep public spending
under control.
``The situation in parliament is very difficult'' so the
government's ``mandate and ability to push through some really
substantial changes to fiscal policy is questionable,''
Niedermayer said in a phone interview yesterday in Prague. The
recent trend of budget spending outpacing budget revenue is
``very dangerous.''
Read more at Bloomberg Emerging Markets News
Ludek Niedermayer said he is skeptical the government will
manage to revamp fiscal policy enough to keep public spending
under control.
``The situation in parliament is very difficult'' so the
government's ``mandate and ability to push through some really
substantial changes to fiscal policy is questionable,''
Niedermayer said in a phone interview yesterday in Prague. The
recent trend of budget spending outpacing budget revenue is
``very dangerous.''
Read more at Bloomberg Emerging Markets News
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