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Coalition plans will lead to lower economic growth: CPB

Thursday 30 September 2010

The spending cuts outlined in Thursday's coalition accord will lead to lower economic growth and an increase in unemployment, according to calculations by the government's macro-economic forecasting agency CPB.

The budget deficit will fall by 0.7% of GDP by 2015, taking it to 2.3% the CPB said.

But unemployment will rise 1.4 percentage points to 6.75% and the economy will grow by 1.25% a year, below earlier forecasts.

'This will lead to lower tax receipts and higher spending on unemployment benefits, the CPB said.

The job losses will stem from cuts in employment projects for people with a handicap and civil service cutbacks.

© DutchNews.nl



 

Readers' Comments

"cuts in employment projects for handicapped people" will lead to unemployment growing by 1.4 pct. points? I don't think so. How many handicapped people are there?

By Houston | 1 October 2010 10:20 AM

And as for "lower tax receipts," they won't be lower, they'll just not be as much higher as earlier predicted. 1.25% growth in the economy is not too bad these days. Beats a recession, eh?

By Houston | 1 October 2010 10:22 AM

'This will lead to lower tax receipts and higher spending on unemployment benefits, the CPB said.' Which means more deficit. Less growth, more unemployment and more deficit, the real ''motto'' for Wilders cabinet.
Dear compatriots voters for Wilders and his employee Rutte, enjoy with more unemployment, less growth and more deficit. That all of us know are the foundation for prosperity. And of course keep your wise vote.

By zenplus | 1 October 2010 2:30 PM

Houston: This has to do with how the Dutch government defines 'disabled'. For a time, they had a very wide definition, which was abused by the Dutch people (I am not some anti-welfare right-winger, quite the contrary, but the 'disabled' unemployment benefit really was too broad). The government has been trying to trim the rolls of the 'disabled' ever since.

By Rob | 3 October 2010 8:31 AM

 
 
 
 
 
 
 
 
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