Cabinet, on Wednesday, approved a proposal to raise this year's state
budget by 5 billion crowns (over 200 million US dollars) to pay for
damages caused by the floods. The government is also considering the
creation of a 10 to 15 billion crown fund from which flood defence
measures as well as the acquisition of flood damaged buildings would be
financed. The Speaker of the Lower House of Parliament, Lubomir
Zaoralek, said he may declare a state of legislative emergency to allow
for the quick passing of laws necessary to free finances for flood
relief.
Austrian Chancellor Wolfgang Schuessel, whose country holds the
rotating EU presidency in the first half of this year, has said he
would raise the question of possible financial aid from the European
Union Solidarity Fund. Some political parties in the Czech Republic
have decided to cut back on their election campaign expenditures and
donate the money to flood victims. Charity organizations have also
opened up accounts for public donations.