Budget deficit forecast ‘too optimistic’

The Dutch budget deficit reached 5.3% last year, not 5.1% as calculated earlier, the finance ministry said on Monday evening.


The change is notable, says the Financieele Dagblad, because only last week the government’s macro-economic planning unit CPB put last year’s deficit at 4.5%. The deficit will reach 6.1% this year and drop to 4.7% in 2011, the organisation said. Those figures are still preliminary.
Lower than expected tax and premium income and higher spending on healthcare are behind the change, the ministry said in a statement.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation