...long-term sustainability, central bank governor Zdenek Tuma said on Tuesday.
"It is the first step in the right direction, but it really is a first step which helps stabilise public budgets in the short term. However it does not guarantee sustainability of public finances over the longer horizon," Tuma told a seminar on the reforms in the Senate.
The package mixing tax changes and cuts in social and other spending aims to lower the general government -- or public budget -- deficit to 3.2 percent of gross domestic product (GDP) in 2008, from 4.0 percent forecast this year.
[PRAGUE/Reuters/Finance.cz]