The special procedures imposed on the Netherlands because of its budget deficit are to be lifted, the European Commission will say on Monday when it publishes its latest financial report, the Volkskrant reports.

The report looks at the restructuring and austerity measures in all 28 EU countries.

Taking the Netherlands off the ‘penalty bench’ shows that the country is again financially sound, the Volkskrant reports.

It also lessens the amount of supervision from Brussels on the national budget. Finance minister Jeroen Dijsselbloem will report much less often to Brussels on his plans and decisions.

The Netherlands landed in special procedures in 2009 when its budget deficit reached 5%, well above the maximum 3% laid down by the EU.

According to the European Commission, the Dutch budget deficit fell under the 3% in 2013 and will fall further to 1.8% in 2015.

Currently, 17 countries are under increased supervision by Brussels. As well as the Netherlands, they include France, Spain, the UK and Greece.

Insiders told the Volkskrant that Austria, Belgium, Czech Republic, Denmark and Slovakia will also be declared financially heathy in Monday’s report.