Previewing the Walloon Government’s 2024 Budget: Balancing Growth and Increasing Debt

2023-09-26 14:29:55

The regional government begins its budgetary conclave. The trajectory of returning to balance in 2024 dear to Elio Di Rupo will be maintained. But exceptional expenses are not taken into account: in reality therefore, the deficit might reach 2.5 billion and increase the debt. Article reserved for subscribers Journalist at the Powers pole By Eric Deffect Published on 09/26/2023 at 4:29 p.m. Reading time: 5 min

The Walloon government begins its conclave to deliver the 2024 budget of the Region, the last of the legislature led by the PS, MR and Ecolo. The work should continue for around ten days, at a slow pace. But without much risk of being wrong, we can already bet on the paradoxical speech that Minister-President Elio Di Rupo (PS) will make at the end of the race. One: the trajectory of returning to balance for 2024 will be preserved, as promised in 2019. Two: the gross balance to be financed (in other words the deficit) will require Wallonia’s debt to be increased a little further, which is peaking already at 30 billion euros.

Balance and deficit in the same sentence, where is the logic?

In 2019, the regional policy declaration concluded by the three partners was straight to the point: “The budgetary trajectory of the legislature will lead to balance in 2024, while preserving significant investment capacity in connection with the European Union. »

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