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Business and Economics > Budgeting

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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