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Finance Minister Schillerová says some tax hikes are inevitable to balance the budget

Finance Minister Alena Schillerová announced that the Czech government will need to raise certain taxes, including possible excise and refinery levies, to close the budget gap.

Speaking on a Czech Television debate, Schillerová outlined that the administration is preparing several tax options, such as higher excise duties, increased refinery taxes, and new charges on investment properties and harmful substances. She said a mix of higher revenues and reduced spending could free up roughly 20 billion crowns, with about half of the savings expected from tax hikes. The minister said she now has a package of proposals ready to present to the coalition for selection.

Why it matters

Tax changes could affect household costs and business profitability across the Czech Republic.

In this story

tax increaseexcise taxrefinery taxinvestment propertyharmful substancesbudget deficitrevenuespending cutsCzech government
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