Přehled o publikaci

The CEVRO University's January 2026 issue analyzes the state and sustainability of public finances in the Czech Republic. The publication marks the end of the era of fiscal stability, accelerated by the COVID-19 pandemic and subsequent economic shocks. The main findings of the proceedings: Structural problems: The authors warn against the loss of fiscal moderation. The problem of the Czech budget does not lie on the revenue side, but in the disproportionate expansion of expenditures, especially mandatory ones. The debt and the costs of servicing it are growing, which requires restoring economic growth and drastic cuts in expenditures. Demographic outlook: T. Kremr ensures against pressure arising from the retirement of a strong generation of "Husák's children". However, he emphasizes that this is a temporary phenomenon that requires a strategy to bridge the critical decades of 2030–2060, not panic reactions. Legislative framework: D. Králik analyzes the state budget as a sui generis law. It points to the limits of political reality and executive dominance, which constrain parliament's ability to fundamentally influence the government's strategic priorities. Historical perspective: I. Bažantová recalls the tradition of the “good steward” that runs through Czech history and calls for a renewed emphasis on balance and purposefulness. The authors emphasize that a return to sustainability is possible, but it requires the courage to abandon populist solutions, reform the expenditure side of the budget, and rediscover “financial conservatism.” The collection serves as a stimulus for the professional public and politics to reflect on the price of stability and prosperity for future generations.