Belgium; Selected Issues Paper

Belgiumâ€™s impressive past fiscal consolidation is an example for other countries that need to bring down their public debt and also provides insights on how best to address its own current fiscal challenges. Belgium has a unique history of a long and successful large fiscal consolidation. Belgium lived through various episodes of fiscal adjustment and each one of these contains important lessons for future consolidation. After Belgiumâ€™s public debt-to-GDP reached a peak of about 135 percent in 1993, it was steadily reduced to about 84 percent by 2007.

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Year of publication:	2011-04-04
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Banking sector \| Debt sustainability analysis \| Export competitiveness \| Financial risk \| Fiscal consolidation \| Public debt \| Selected issues \| Sovereign debt \| fiscal objectives \| fiscal federalism \| public finances \| fiscal adjustment \| fiscal discipline \| debt ratio \| fiscal institutions \| debt ratios \| fiscal consolidations \| fiscal policy \| fiscal deficits \| tax reform \| fiscal space \| debt reduction \| fiscal coordination \| fiscal policies \| fiscal outcomes \| public spending \| budget deficit \| excessive deficit procedure \| government spending \| tax rates \| tax base \| budget surplus \| debt accumulation \| budgetary process \| public deficits \| fiscal consolidation efforts \| fiscal planning \| debt sustainability \| fiscal efforts \| fiscal position \| fiscal stance \| fiscal stimulus \| fiscal adjustment effort \| fiscal devolution \| public sector solvency \| public sector borrowing \| fiscal deficit \| fiscal effort \| debt buildup \| government solvency \| debt dynamics \| medium-term fiscal frameworks \| fiscal rules \| fiscal surplus \| fiscal frameworks

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/82 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011243902