Unraveling Belgium’s Public Finance Management: Challenges and Solutions

2023-12-04 18:22:14

A rich country, Belgium is nevertheless one of the worst performers in Europe in terms of public finance management. How can we explain it and, above all, what can we do to get out of the rut at a time when Europe is preparing to review the rules of the game of good economic governance at the level of the Twenty-Seven? Article reserved for subscribers By Maxime Biermé, Bernard Demonty Published on 4/12/2023 at 7:22 p.m. Reading time: 1 min

When we talk regarding Belgium and public finances, the qualifiers are rarely positive. This Monday once more, Pieter Timmermans, the managing director of the FEB, did not beat around the bush: “There are bugs in our system. Either we make a reboot and we restart it, or we don’t and the system crashes. » In its analysis of Belgium’s budget published a few days ago, the European Commission also sounded the alarm by calling for a correction to the plan proposed by Belgium for 2024.

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