Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion

March 27, 2008

Preview Citation

Format: Chicago

Belgium: 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 26, 2024

Summary

Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously. Low-income groups are being disproportionately affected by the food and energy price increases, triggering a necessary increase in targeted income support. The authorities agreed that various indicators suggest that the current level of the real effective exchange rate is broadly appropriate.

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Income, National accounts, Public debt

Keywords: Belgium, Budget proposal, CR, Credit default swap spread, Europe, Expenditure side, Fiscal consolidation, Fiscal stance, Global, Government, Headline inflation, Income, ISCR, Railway company debt transfer, Rate, Structural adjustment

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/111
Stock No:

1BELEA2008001
ISBN:

9781451803280
ISSN:

1934-7685

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