National debt drops to lowest level in 70 years, says CBS
1 week, 1 day ago

National debt drops to lowest level in 70 years, says CBS

Dutch News  

The national debt has fallen to its lowest level in 70 years when measured against GDP, according to figures published by the national statistics agency CBS at the end of 2024. The Dutch national debt fell to 42.2%, continuing a decade-long downward trend since it peaked at 68% at the start of 2015, despite a brief upturn at the start of the coronavirus pandemic in 2020. The CBS also said the budget deficit for 2024 was likely to be far smaller than anticipated in finance minister Eelco Heinen’s September budget. “It’s time for accurate estimates.” According to the most recent prognosis by the economic planning agency CPB, the budget deficit is likely to rise to more than 3% of GDP in 2026, which would exceed the European Union’s budgetary limit, while the national debt is expected to pass the EU limit of 60% in 2034.

Cbs National Debt Omtzigt  gdp  drops  start  national  agency  deficit  billion  cbs  2024  recent  debt  level  lowest  70

History of this topic

Netherlands fails EU budget test, only country to miss target
1 month, 2 weeks ago

Netherlands fails EU budget test, only country to miss target

Dutch News  

The Dutch government’s 2025 spending plans have fallen short of European Commission guidelines, making the Netherlands the only EU member state to fail the budget test so far. “The Netherlands is assessed to be not in line with the recommendation, as the net expenditure is projected above the ceilings,” the Commission said in its autumn budget statement on Tuesday. While …

IMF Warns of $100 Trillion Fiscal Timebomb, as Global Finance Chiefs Brace for Election Fallout
2 months, 3 weeks ago

IMF Warns of $100 Trillion Fiscal Timebomb, as Global Finance Chiefs Brace for Election Fallout

Live Mint  

The article highlights the increasing concerns about global debt levels and the potential impact on the world economy. The IMF is set to release several reports and studies in the coming weeks, including the Fiscal Monitor, which will provide insights into public debt and the overall health of the global economy. The article also focuses on central bank decisions in …

UK national debt could reach nearly 300% of GDP in next 50 years, watchdog warns
4 months ago

UK national debt could reach nearly 300% of GDP in next 50 years, watchdog warns

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Public debt is currently at its highest since the early 1960s, sitting at a total …

PM insists debt is ‘on schedule’ to fall despite challenges over the claim
11 months ago

PM insists debt is ‘on schedule’ to fall despite challenges over the claim

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. After a pause, Ms Trott appeared to start saying …

Budget 2024: 5 key changes we can expect this year
11 months, 2 weeks ago

Budget 2024: 5 key changes we can expect this year

Firstpost  

On February 1, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget 2024–25. Thus, let’s examine five important charts that provide insight into the interim Budget’s chances before it is announced: Total Revenue vs Expenditures Revenue and spending are the most frequently followed budget metrics, particularly in relation to the growth of the economy. In spite of nominal …

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought
1 year ago

Dutch debt level falls amid €3 billion surplus; Recession slightly worse than thought

NL Times  

The Dutch government managed to bring down the national debt, while collecting a surplus of 3 billion euros in revenue during the first three quarters of the year. According to the national statistics office, the government achieved a surplus of 3 billion euros in the first three quarters of 2023. Government debt also decreased by almost 14 billion euros to …

Dutch budget deficit to exceed EU norm next year: Finance Min
1 year, 2 months ago

Dutch budget deficit to exceed EU norm next year: Finance Min

NL Times  

The Dutch budget deficit next year will be just above the 3 percent standard that the European countries have agreed upon with each other, reports outgoing Minister Sigrid Kaag. That is because parliament increased government expenditure by 1.5 billion euros last week by adopting multiple amendments and motions. Due to the additional expenditure, the budget deficit in 2024 will likely …

Government borrowing binge undermining faith in OBR forecasts, says IFS
1 year, 3 months ago

Government borrowing binge undermining faith in OBR forecasts, says IFS

The Telegraph  

Too much government borrowing is undermining faith in official economic forecasts, the Institute for Fiscal Studies has warned. The think tank said a raft of unexpected and expensive policies rolled out by recent Chancellors had led to a surge in the size of the state and fuelled Britain’s deficit, while also making forecasts less accurate. The result is a “ratchet” …

US debt projected to balloon to more than double GDP by 2051
3 years, 10 months ago

US debt projected to balloon to more than double GDP by 2051

Al Jazeera  

The non-partisan Congressional Budget Office warned that by 2051, the United States’ debt will skyrocket to 202 percent of its gross domestic product, up from 102 percent this year. The U.S. federal debt will grow to more than double the size of the economy in three decades, increasing the risk of a fiscal crisis even though dangers appear low in …

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