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Belgium, the expansion of austerity measures
BRUSSELS (Reuters)
Approved by the Belgian government in the early hours of Sunday morning austerity measures to expand by 1.82 billion euros (2.39 billion dollars) to keep the budget deficit through 2012 in the framework of the limits of the European Union.
The government said in a statement on Sunday that after a week full of talks, ministers decided that the coalition of six parties to freeze spending another 650 million euros in the case of whether the weak economy means that there is a need for more savings.
It said it will provide further details at a press conference to be held on Sunday morning.
The new savings are added to the package of measures that have been agreed with the government took over power in the end of the year and is estimated at 11.3 billion euros. These included measures to increase the actual retirement age of 59 years, on average, is currently raising taxes on the car companies.
Belgium pledged to cut the deficit in the public sector to 2.8 percent of GDP this year compared to 3.8 percent in 2011. Belgium and risk exposure to a fine from the European Union if it did not land its deficit to less than three percent.
He expected the Federal Office for Planning and the estimates used to set budgets typically grow the economy, the largest Belgian sixth economy in the euro zone by 0.1 percent this year from 1.9 percent in 2011.
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BRUSSELS (Reuters)
Approved by the Belgian government in the early hours of Sunday morning austerity measures to expand by 1.82 billion euros (2.39 billion dollars) to keep the budget deficit through 2012 in the framework of the limits of the European Union.
The government said in a statement on Sunday that after a week full of talks, ministers decided that the coalition of six parties to freeze spending another 650 million euros in the case of whether the weak economy means that there is a need for more savings.
It said it will provide further details at a press conference to be held on Sunday morning.
The new savings are added to the package of measures that have been agreed with the government took over power in the end of the year and is estimated at 11.3 billion euros. These included measures to increase the actual retirement age of 59 years, on average, is currently raising taxes on the car companies.
Belgium pledged to cut the deficit in the public sector to 2.8 percent of GDP this year compared to 3.8 percent in 2011. Belgium and risk exposure to a fine from the European Union if it did not land its deficit to less than three percent.
He expected the Federal Office for Planning and the estimates used to set budgets typically grow the economy, the largest Belgian sixth economy in the euro zone by 0.1 percent this year from 1.9 percent in 2011.
[You must be registered and logged in to see this link.]
