The coalition government has succeeded in its efforts to make sure pensioners do not miss out financially next year, the Telegraaf said on Thursday.

Sources have told the paper that the coalition parties – the right wing VVD and Labour party PvdA – have managed to ensure that pensioner spending power remains constant in 2017, despite the problems with company pension schemes.

Ministers are currently putting the final touches to next year’s budget, which will be presented to the public on the third Tuesday in September. Earlier, the government’s macro-economic think tank CPB said retired people would have less to spend.

The government is also planning to take further steps to make it more financially attractive to work than live off benefits, the Telegraaf said. The budget will also include more money for the police, armed forces and education for disadvantaged children.

According to the Financieele Dagblad, ministers are still working on plans to insure single income households are not hit financially by several tax and benefit changes planned for next year.