Czech Election Winners See $4.5 Billion Funding Gap in Budget

The three parties preparing to form the next Czech government rejected the outgoing administration’s draft budget for next year, saying the plan lacked financing for key spending areas.

The powerful parliamentary budget committee recommended Monday that lawmakers return the draft to cabinet with instructions to cover a funding gap totaling at least 95 billion koruna ($4.5 billion). The full chamber, in which a three-way coalition around the populist ANO party holds a majority, is scheduled to vote on the proposed program on Wednesday.