The result of the May 29-29 elections hints at possible budget cuts and reforms in the country over the next few years, according to Jan Cienski of the Financial Times. The Civic Democratic Party and other parties who supported propositions to cut the country’s spending during their campaign got the most votes overall. The Civic Democrats won 20.2 percent, TOP09 got 16.7 percent and Veci Verejne won 10.9 percent of the votes. Czech’s dominant party, the Social Democrats, still won the most number of votes at 22.1 percent, but analysts predict that the three parties who campaigned for budget cuts may form a center-right coalition that would control 118 seats in Czech’s 200-member parliament. This would be the country’s largest majority. A center-right coalition could mean a series of budget cuts and reforms to the country’s pension and health care systems, the Financial Times blogger says.

The Social Democratic Party campaigned for increased welfare spending along with the Communist party, which got 11.27 percent of overall votes.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.