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Czech Central Bank Sees Fiscal Gap Below Cabinet Target

The Czech public-finance deficit will narrow to 2.7 percent of economic output this year, a smaller shortfall than the government’s 2.9 percent target, according to the central bank’s forecast.

Public debt will rise to 48 percent of gross domestic product this year from an estimated 44 percent in 2012, the bank said in its latest inflation report published today.

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