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Business and Economics > Budgeting

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  • Type: Journal Issue x
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Cover IMF Staff Country Reports
Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion
International Monetary Fund
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously. Low-income groups are being disproportionately affected by the food and energy price increases, triggering a necessary increase in targeted income support. The authorities agreed that various indicators suggest that the current level of the real effective exchange rate is broadly appropriate.
Keywords:
ISCR; CR; Belgium; government; expenditure side; headline inflation; rate; structural adjustment; credit default swap spread; budget proposal; railway company debt transfer; Fiscal stance; Fiscal consolidation; Income; Global; Europe
Cover IMF Staff Country Reports
Belgium: Staff Report for the 2004 Article IV Consultation
International Monetary Fund
This 2004 Article IV Consultation highlights that during the recent upswing, growth in Belgium has been comparatively robust, propelled by strong household spending and supported by the global recovery as well as macroeconomic policies. Tax cuts and wage increases have sustained disposable income growth, while household savings resumed a declining trend amid improvements in the economic outlook and public finances. In the IMF staff’s view, economic growth is expected to continue at a healthy pace in 2005, driven by private consumption as well as a likely strengthening of corporate investment and employment growth.
Keywords:
ISCR; CR; authority; spending; growth; employment growth; surplus; early retirement; employment rate; growth prospect; growth outlook; Employment; Labor costs; Employment rate; Fiscal stance; Global