European Parliament Library

Belgium, Selected Issues, International Monetary Fund

Abstract
This Selected Issues paper focuses on the fiscal challenge for Belgium in coping with population aging, including the sustainability of prevailing fiscal federalism arrangements across all levels of governments. The analysis demonstrates that the current strategy of upfront consolidation is likely to fall short of achieving sustainability. Further reductions in aging-related spending and growth and productivity-enhancing reforms beyond those assumed under the authorities’ strategy appear to be necessary. The paper also assesses whether the wage bargaining framework, a key labor market institution, is conducive to preserving external competitiveness and raising employment rates
Table Of Contents
Cover; Contents; Executive Summary; I. Fiscal Sustainability and Coordination in a Federal State; A. Introduction; B. Challenge of Population Aging; Figures; I.1. Demographic Changes Among EU Countries; I.1. Projections of the Fiscal Costs of Aging, 2005-50; I.2. Macroeconomic Assumptions for Scenarios, 2005-45; I.2. Macroeconomic Assumptions, 2005-50; C. Policy Strategy to Achieve Sustainability; I.3. Long-Term Fiscal Scenarios, 2005-50; I.3. Public Debt Scenarios, 2005-45; I.4. Primary Balance Scenarios, 2005-45; D. Challenges to the Current Fiscal Framework
Language
eng
Literary Form
non fiction
Copyright
Edition
First edition.
Note
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613743978

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