200 billion from the Czech National Bank to the budget. "It would look different right away," thundered Babiš
Czech Prime Minister Andrej Babiš discussed the potential for the Czech National Bank (ČNB) to improve the state budget during a parliamentary session. He highlighted that the law allows for part of the bank's profit to be transferred to the state budget, but only after covering accumulated losses and fulfilling reserve requirements. Babiš referenced economist Tomáš Havránek's suggestion that the ČNB could significantly increase its earnings by reallocating foreign reserves into more profitable assets, potentially generating substantial funds for the budget. However, some experts remain skeptical about the feasibility of this plan, citing the bank's ongoing losses and the need for prudent financial management.