7 Articles
7 Articles
Skepticism prevails over the power coalition's ability to reduce the deficit while increasing its spending on defence or nuclear recovery.
According to Fitch, the government is only addressing part of the budget imbalances, while the increase in defense spending will increase fiscal pressure
Credit rating agency Fitch is cutting Belgium's rating because it expects continued large budget deficits and a further increase in government debt. This may make it more expensive for our country to borrow money.
Rating agencies Fitch and Standard & Poor’s lowered the creditworthiness of Belgium and Brussels on Friday. That could eventually lead to them having to pay more interest on loans. But it is certainly also politically very annoying.
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Bias Distribution
- 100% of the sources lean Left
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