The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Selected Issues paper reviews Belgium's experience with fiscal adjustment and the long-term outlook for the public finances. The paper discusses the composition and scale of the fiscal adjustment, and the extent to which it has exerted a durable impact on the public finances. It offers a quantitative analysis of the interaction between fiscal policy and developments in saving and investment, with a view to contributing to reflection on desirable policy priorities in the future.