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Austerity package details leaked, spending power cut by 2%Thursday 17 May 2012 The five-party agreement aimed at reducing the Dutch budget deficit to below 3% represents extra tax income and spending cuts to the tune of €16bn, the Telegraaf reports on Thursday. Corrected for the effect of the measures on consumer and industrial confidence, the austerity package will generate €12.2bn for the treasury, according to leaked documents obtained by the paper. The five parties have also agreed €1bn in extra spending. Although many of the measures were already known, the leak confirms patients will face a €350 'own-risk' charge on their health insurance plus a €7.50 a day fee for hospital stays. Spending power The effect of the package on spending power will be around 2% on average, although wealthy pensioners will be harder hit. Families on average incomes will have 1% less to spend. The government's macro-economic forecasting agency is currently analysing the plans to assess their effect on the government's finances and see if they will succeed in cutting the budget deficit to within eurozone limits. The three minor parties - D66, GroenLinks and ChristenUnie - agreed to work with the minority coalition to draw up austerity measures after Geert Wilders' PVV pulled out of the talks last month. Election The Netherlands is holding a general election in September and a new line-up of MPs will decide how many of the measures agreed by the five-party coalition will actually come into effect. According to the latest opinion polls, the five parties are not on target to command a majority in parliament.
Taxation: Housing market: Employment and benefits Healthcare: Other measures:
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There's no single one example in history of economy, on a country getting out a recession without stimulating domestic consumption firstly. As we can see now, while US or Japan are growing, we are in recession, due to one of the most harmful governments (Rutte-Wilders period) we have suffered in our country.
By zenplus | 17 May 2012 11:04 PMThe only sensible vote in interest of our economy, in coming election, is in favor of parties that propose a new and completely different approach, following the path from new French government and the way, that all schools of economy teach, all over the world. Quick and strong investment, to growth. Leaving foolish superstitions, whithout any rational support, like 3%-by-2013.
Quite logical, considering the economic situation and priviledges being provided to people...no austerity measure is liked by everyone...
By Biz | 18 May 2012 5:47 AMSoon all these laws will not even be able to be implemented, the people all over Europe have had enough & there will be a civil uprising.
Why don't we see cuts to foreign aid & cuts to immigrants welfare that have paid no taxes or no welfare for immigrants for the first 10 years, no pensions for immigrants unless they have worked for 40 years in the NL? Instead older Dutch people have to work for longer whilst people that have never paid any tax get a free ride.
Do people realise the extent of the welfare dependency problem with people from overseas?
By Phil | 18 May 2012 6:11 AMOf course as the Dutch are currently net EU contributors of 4.7 billion euros, they could take care of 1/3 of these cuts instantly.
By Scott Campbell | 18 May 2012 1:21 PM@Phil: The extent of the "welfare dependency problem with people from overseas" (where are you referring to anyway?) is overly exaggerated and nowhere near as dire as you paint it to be. Why do you hate people different than you so much?
By Stupid | 18 May 2012 5:49 PMIf you change the word 'leaked' to 'given', it would make a lot more sense considering the looming September elections!!
By The visitor | 19 May 2012 2:12 AM@Phil...Shhh! You can't say that on here, immigration is only a great thing that makes Holland a better place, you can't mention the reality of what immigration REALLY does to the economy.
By B Bremner | 21 May 2012 2:50 PM" Why don't we see cuts to foreign aid & cuts to immigrants welfare that have paid no taxes or no welfare for immigrants for the first 10 years, no pensions for immigrants unless they have worked for 40 "
Because over 40 years ago you stole their countries you rascist dolt - that's why!!
By The Equalizer | 21 May 2012 3:40 PMWhat, B Bremner?? As an immigrant (as many of us are here), I'd love to know!!
Of course, you WILL provide supporting statistics...
By CW | 21 May 2012 4:28 PMFootbal clubs to pay part of policing costs? I thought clubs paid all the costs!
By Donaugh | 21 May 2012 7:05 PMThey should pay 100%.
Phil, re the pension idea. By the time I retire I will have lived here for 26 yrs. If it were based on being here 40 yrs I would lose half my pension despite paying taxes here from 2002.
"Do people realise the extent of the welfare dependency problem with people from overseas?"
By Alice | 22 May 2012 9:13 AMI do. I also realise the extent of the welfare dependency problem with people from the Netherlands - have you seen D66' report that says that the Dutch are the society that works the least in the entire industrialised world? Freeloading is not a race or country issue.
@The Equalizer...well 70 years ago the Germans invaded us and stole Holland, should they not pay then? Or the French because of Napolean? Or lets go back even further and sue Sweden for the Viking pillaging Europe! Someone puts an idea forward and you bring out colonialism and accusations of racism, great forward thinking debate.
By B Bremner | 22 May 2012 11:43 AM@CW: The policy whereby you can apply to bring elderly depandants to the Netherlands puts a strain on services and costs extra in pensions which has not been paid for in working taxes. Logic not a statistic.
By B Bremner | 22 May 2012 11:48 AM