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Dutch budget deficit was 4.7% last year: CBS

Friday 30 March 2012

The Dutch budget deficit reached 4.7% last year, slightly lower than previous estimates, the national statistics office CBS said on Friday.

This means the Dutch deficit was above the eurozone monetary union limit of 3% for three years, the CBS said.

The three coalition partners are currently in talks to find at least €9bn in new money and savings in order to cut the deficit to the EU-agreed level in 2013.

© DutchNews.nl


Readers' Comments

I honestly think this is a disgrace.Back in the 90's they said to us, we will remove the debt within a generation.That means today. I don't want to pay for the previous generation mistakes.It's a scandal just pay off the national debt already.

By Roland | 31 March 2012 7:40 PM

Where's the ECB when you need it to keep the bond spreads from skyrocketing, now that Holland is about to lose AAA and officially join the rest of the piigs in recession/deflation hell?
Ah, but I forget, in MP Frans Weekers' own words last year, 'This is the market's punishment'...
My sincere sympathies.

By Demetrios | 21 April 2012 9:02 PM

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