Czechs Won’t Boost GDP With State Spending, Hospodarske Reports

The Czech government won’t boost economic growth by increasing state spending, Hospodarske Noviny reported, citing Finance Minister Miroslav Kalousek.

Economic prosperity can’t be based on short-term growth financed by debt, the newspaper cited Kalousek as saying in an interview.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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