Czech FinMin sees 2008 budget with 2.95 pct/GDP gap

...billion), which would secure an overall public sector gap of 2.95 percent of gross domestic product.

The deficit is slightly below the 3.2 percent ceiling set in the cabinet's previously announced fiscal reform package.

The ministry said that it saw the deficit falling to 2.6 percent in 2009 and 2.3 percent in 2010, under the EU's ESA 95 methodology. Those numbers are slightly lower than the previously planned 2.9 and 2.5 percent deficits in 2009 and 2010.