The OECD Urges Belgium Once Again to Put Its Budget in Order.
4 Articles
4 Articles
The Organisation for Economic Cooperation and Development (OECD) remains concerned about the Belgian budget deficit and rising government debt. The economic think tank is therefore once again calling on our country to put public finances in order.
In its biennial report on the Belgian economy, the OECD think tank underscores ‘the urgent need’ to bring the budget into order. A mix of savings and more efficient taxation with fewer distortions serves as a starting point. Heading that in is another matter.
Key takeaways The Organisation for Economic Cooperation and Development (OECD) has once again expressed its concern regarding Belgium's rising government debt and budget deficit, and urges the government to implement stricter financial controls. This is reported by Belga. Although the Belgian economy has demonstrated resilience over the past five years despite […]
In its report, the OECD paints the Belgian economy with a fine comb and points to the system of automatic indexation of wages, insufficient taxation of wealth, the different statutes of pensioners, Belgium's failure to prepare for global warming or unjustified support for fossil fuels.
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