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Billionaire Leader Brings Debt-Driven Spending to Frugal Czechs

Source: Bloomberg

Fiscal Policy & BudgetSovereign Debt & RatingsInterest Rates & YieldsCredit & Bond Markets

The Czech Republic is undertaking an unprecedented spending increase as borrowing costs rise, ending its position as one of the last major European holdouts against rapidly expanding government debt. The combination of greater fiscal outlays and higher yields could increase debt-servicing costs and pressure Czech sovereign finances.

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