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

Feb. 15 (Bloomberg) -- 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