The new government declaration including also economic goals for the future was presented in Parliament by Vaclav Klaus on 23 July 1996. The minority government won a confidence vote on 25 July 1996.
We have summarized some of the basic economic policy principles which were included in the declaration.
1. Basic Principles
- prosperous and stable economy based on the low rate of inflation and on a long-term trade balance, particularly on current account;
- basic priority will be the maintenance of the high rate of economic growth, low level of unemployment, further privatization of state property, deregulation and improvement of markets, finalization of price liberalization and continuous modification of regulated prices.
