Dutch budget deficit to exceed EU norm next year: Finance Min
1 year, 1 month 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 amount to 3.1 percent of gross domestic product, while the government previously assumed 2.9 percent. The changes proposed by the Tweede Kamer, the lower house of the Dutch parliament, will have little effect on the budgets in the years that follow.

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History of this topic

Netherlands fails EU budget test, only country to miss target
3 weeks, 5 days 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 …

The Netherlands set to exceed European spending guidelines; only country to do so
3 weeks, 6 days ago

The Netherlands set to exceed European spending guidelines; only country to do so

NL Times  

The Dutch government’s expenditure exceeds the guidelines of the new European budget rules. “The Netherlands is assessed to be not in line with the recommendation, as the net expenditure is projected above the ceilings,” the European Commissioner for Economy, Paulo Gentiloni, said on Wednesday. When Prime Minister Dick Schoof’s Cabinet released their first-ever budget plan, it was already clear that …

Netherlands is one of five opposed to EU’s 200 billion euro budget for 2025
Trending News
4 weeks ago

Netherlands is one of five opposed to EU’s 200 billion euro budget for 2025

NL Times  

After protracted negotiations, the European Union reached a preliminary agreement on its 2025 budget, but the Netherlands remains a vocal dissenter. The agreement, struck between EU finance ministers and the European Parliament, outlines 192.7 billion euro in commitments and 149.6 billion euro in payments. While the budget falls short of the European Parliament’s initial request of 194 billion euro, it …

Netherlands against 'irresponsible' EU budget 2025
1 month, 1 week ago

Netherlands against 'irresponsible' EU budget 2025

NL Times  

The Netherlands, Austria, Sweden, Finland and Denmark are unhappy about the agreement on the EU budget for 2025 that was reached last night. The agreement was reached last night between a delegation of EU finance ministers and a delegation from the European Parliament. According to European Commissioner Johannes Hahn, this budget will enable the European Union to implement political priorities …

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 …

Budget deficits loom for majority of Dutch municipalities
1 year, 8 months ago

Budget deficits loom for majority of Dutch municipalities

NL Times  

The majority of municipalities in the Netherlands are expected to face structural budget deficits in 2026, according to an analysis commissioned by the Association of Dutch Municipalities. This situation raises concerns about the ability of municipalities to cover their expenses and maintain a buffer to absorb setbacks. The analysis compared the annual financial statements of 308 municipalities, revealing that municipalities …

Dutch economy will contract in Q4, EU Commission says
2 years, 1 month ago

Dutch economy will contract in Q4, EU Commission says

Dutch News  

Most European countries will go into recession by the end of this year and this situation will continue until spring 2023, the European Commission said in its latest economic forecasts on Friday. The commission said the Dutch economy is set to stagnate in the third quarter and to contract modestly in the fourth. Read the forecast ‘The shocks unleashed by …

Dutch economy will contract in Q4, EU Commission says
2 years, 1 month ago

Dutch economy will contract in Q4, EU Commission says

Dutch News  

Most European countries will go into recession by the end of this year and this situation will continue until spring 2023, the European Commission said in its latest economic forecasts on Friday. The commission said the Dutch economy is set to stagnate in the third quarter and to contract modestly in the fourth. Read the forecast ‘The shocks unleashed by …

Dutch economy grew more than gov't debt in 2021
2 years, 8 months ago

Dutch economy grew more than gov't debt in 2021

NL Times  

Government debt amounted to 52.1 percent of gross domestic product last year, down from 54.3 percent. The Dutch government saw its income increase by 25 billion euros to 337 billion euros last year. People spent more in the second year of the coronavirus crisis than in 2020, which increased the government's VAT revenues by 6 billion euros. Non-tax revenues increased …

NL may get over €1bn less from EU coronavirus recovery funds
2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

NL may get over €1bn less from EU coronavirus recovery funds
2 years, 10 months ago

NL may get over €1bn less from EU coronavirus recovery funds

Dutch News  

The Netherlands may receive more than €1bn less than expected from European coronavirus recovery funds because the economy has performed better than earlier estimates indicated, finance minister Sigrid Kaag told MPs on Friday The Netherlands had expected some €6bn from Brussels and €5.8bn had been used in calculations for drawing up the new government spending plans. However, the real figure …

Dutch economy growing faster than expected; 3.8% growth this year
3 years, 4 months ago

Dutch economy growing faster than expected; 3.8% growth this year

NL Times  

The Dutch economy is growing faster than expected, the Bureau for Economic Policy Analysis said in its draft macro-economic surveys on Friday. The economy is expected to grow 3.8 percent this year, and 3.2 percent next year. The national budget deficit will amount to 5.3 percent this year, and 1.8 percent next year. That is slightly lower than the June …

Eight out of ten Dutch municipalities face budget cuts in 2021
3 years, 11 months ago

Eight out of ten Dutch municipalities face budget cuts in 2021

NL Times  

Many Dutch municipalities have a rough year ahead of them financially, with eight out of ten having to implement budget cuts. “The situation is not sustainable," BDO president Rob Bouman said to NOS after analyzing the annual accounts of 355 municipalities. The biggest reason behind municipalities' financial problems is their social tasks, where currently 40 percent of the budget is …

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