Ing. Miroslav Kalousek: “Steps to Sta­bi­liza­tion of Pub­lic Bud­gets“

Under the aus­pices of the Youth Time project “Edu­ca­tion of my dream” Youth Time and Economix (CZ) orga­nized an Open Lec­ture by Ing. Miroslav Kalousek on May 27th at the Uni­ver­sity of Eco­nom­ics in Prague. The lec­ture focused on the theme “Steps that will lead to sta­bi­liza­tion of pub­lic budgets”. Ing. Miroslav Kalousek is a Czech politi­cian, founder and first Vice of TOP 09 (one of the lead­ing polit­i­cal par­ties in the Czech Repub­lic). From 2007 – 2009 he was Min­is­ter of Finance of the Czech Republic.

The begin­ning of the lec­ture, Miroslav Klousek devoted to defence pol­icy and reduc­ing the bud­get deficit. After a brief expla­na­tion of the causes of the recent debt, the finan­cial and eco­nomic crises, he ana­lyzed two approaches to sov­er­eign debt, which were dis­cussed dur­ing the crisis.

Another part of the dis­cus­sion was devoted to the pos­si­bil­ity of reduc­ing the struc­tural deficit. He spoke mainly of expen­di­ture on old-​age pen­sions and health­care, the two parts of the state bud­get in which you can save and which also forms a sig­nif­i­cant part of pub­lic expenditure.

In the ensu­ing dis­cus­sion of more than an hour Mr Kalousek responded to a mul­ti­tude of ques­tions. He sup­ported the adop­tion of the euro, which he likened to a mar­riage con­tract — has its advan­tages but also con­sid­er­able costs. Other ques­tions were directed to pen­sion reform, spend­ing on the mil­i­tary and cur­rent affairs in Ukraine.. After a brief expla­na­tion of the causes of the recent debt, the finan­cial and eco­nomic crises, he ana­lyzed two approaches to sov­er­eign debt, which were dis­cussed dur­ing the crisis.

Another part of the dis­cus­sion was devoted to the pos­si­bil­ity of reduc­ing the struc­tural deficit. He spoke mainly of expen­di­ture on old-​age pen­sions and health­care, the two parts of the state bud­get in which you can save and which also forms a sig­nif­i­cant part of pub­lic expenditure. In the ensu­ing dis­cus­sion of more than an hour Mr Kalousek responded to a mul­ti­tude of ques­tions. He sup­ported the adop­tion of the euro, which he likened to a mar­riage con­tract — has its advan­tages but also con­sid­er­able costs. Other ques­tions were directed to pen­sion reform, spend­ing on the mil­i­tary and cur­rent affairs in Ukraine.