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The Fiscal Cost of Aging in Belgium: Pensions and Healthcare
Author:
Mr. Jean-Jacques Hallaert
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https://orcid.org/0000-0002-0009-1622
Series:
Selected Issues Papers
Volume/Issue:
Volume 2023: Issue 065
Language:
English
Publication Date:
19 Dec 2023
DOI:
https://doi.org/10.5089/9798400264405.018
ISBN:
9798400264405
ISSN:
2958-7875
Pages:
33
Keywords:
Belgium; Aging; Fiscal cost of aging; Pensions; Healthcare; reorganization cost; cost of aging; cost pressure; fiscal cost; healthcare cost; Pension spending; Europe; Global
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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Belgium faces a fiscal consolidation challenge at a time when the fiscal cost of aging—primarily related to pension and health outlays—is mounting. Pension spending will increase relatively fast unless a combination of measures related to pension generosity and retirement eligibility are put in place. Potential efficiency gains are large in the health sector and could absorb part of the fiscal and reorganization costs related to an aging population.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund