The economics of austerity under Fiala: what drives it and what’s next?

Radio Prague International - latest articles

The Czech government's austerity policies under Prime Minister Petr Fiala are shaped by both economic necessity and political ideology. Rising inflation, stagnating wages, and a housing crisis have fueled public dissatisfaction, while the deficit continues to grow without significant investments in long-term economic growth. I spoke with Klára Votavová, research fellow at the Europeum Institute of Foreign Policy, to understand the impact of these austerity measures and what to expect from the upcoming budget debate, which is currently taking place in the Chamber of Deputies.