Belgium: Selected Issues

March 4, 2003

Preview Citation

Format: Chicago

Belgium: Selected Issues, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

This Selected Issues paper analyzes fiscal devolution in Belgium. It examines long-term fiscal strategies for meeting the fiscal burden of population aging. The paper presents estimates of the fiscal costs of population aging in Belgium, and discusses their sensitivity to underlying assumptions. Strategies for meeting the fiscal costs of aging are discussed. Specifically, a strategy of swift debt reduction is discussed to see what budget surplus would be needed to reduce debt and interest payments rapidly enough to finance these costs. Alternative policy options are also discussed to show the consequences of delayed fiscal adjustment.

Subject: Aging, Expenditure, Fiscal federalism, Fiscal policy, Labor, Pension spending, Pensions, Population and demographics, Revenue administration

Keywords: Aging, Belgium, CR, Debt-GDP ratio, Fiscal federalism, Fiscal policy recommendation, Government, Government entity, ISCR, Lander government, Pension spending, Pension system, Pensions, Wallonia

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/050
Stock No:

1BELEA0022003
ISBN:

9781451803181
ISSN:

1934-7685

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