Belgium is bound to go bankrupt in 5 to 10 years without significant overhauls, warns Georges-Louis Bouchez

Georges-Louis Bouchez reframes the budgetary conclave and the roadmap of the Vivaldi government: we must reduce deficits, cut spending, refrain from taxing, reform the labor market and pensions. Without this, supports the president of the MR, the worst can happen…

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By David Coppi and Stéphane Vande Velde

Published on 03/18/2023 at 06:00
Reading time: 7 mins

Dset the tone before the federal budget conclave? And here is the job…

The budgetary conclave begins with, on the one hand, an improvement on the deficit side, estimated at 4.8% of GDP instead of 5.9%, but, on the other, alarmist remarks on public finances, one thinks of the head of the Planning Office…

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In conclusion, Georges-Louis Bouchez’s statement highlights the urgent need to take stringent measures to improve public finances. The budgetary conclave is an opportunity to prioritize reducing deficits, cutting expenses, reforming the labor market and pensions rather than increasing taxes. The current situation demands immediate action, and failure to take appropriate steps might lead to disastrous consequences. Let us hope that the Vivaldi government heeds Bouchez’s warning and implements the necessary reforms to avoid the worst-case scenario.