Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

  • Open Section Books and Analytical Papers (1)
    • IMF Staff Country Reports (1)

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Population and demographics x
  • Netherlands, The x
  • Wages, Compensation, and Labor Costs: Public Policy x
  • Books and Analytical Papers x
  • Industrial productivity x
  • IMF Staff Country Reports x
  • Fiscal Policy x
Clear All Modify Search
Cover IMF Staff Country Reports
Belgium: Selected Issues
International Monetary Fund
This Selected Issues paper focuses on the fiscal challenge for Belgium in coping with population aging, including the sustainability of prevailing fiscal federalism arrangements across all levels of governments. The analysis demonstrates that the current strategy of upfront consolidation is likely to fall short of achieving sustainability. Further reductions in aging-related spending and growth and productivity-enhancing reforms beyond those assumed under the authorities’ strategy appear to be necessary. The paper also assesses whether the wage bargaining framework, a key labor market institution, is conducive to preserving external competitiveness and raising employment rates.
Keywords:
ISCR; CR; cost; Belgium; government; nominal wage; wage norm; fiscal policy recommendation; adjustment mechanism; government entity; indexation rule; policy objective; widening wage gap; Labor costs; Wages; Wage adjustments; Aging; Fiscal stance; Europe