Budget to keep low paid spending power

The government is considering taking steps to stop low-income pensioners and people on minimum incomes losing spending power next year, but most other income groups will have less cash in hand, cabinet sources told ANP news service.

Figures from the government’s economic policy unit CPB show that unless steps are taken, people on minimum incomes will see spending power drop by 1% next year.
The measures, if agreed by the cabinet, will be announced during next month’s budget presentation.
The cabinet is also expected to announce plans to tackle the negative consequences of an ageing population. One option is to levy an extra tax on people with a good corporate pension who stop work before the age of 65.
On Tuesday, finance minister Wouter Bos said he was optimistic that the cabinet would be able to put the final touches to next year’s budget by Friday.

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