Belgium: Selected Issues Paper

April 4, 2011

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Format: Chicago

Belgium: Selected Issues Paper, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

Belgium’s impressive past fiscal consolidation is an example for other countries that need to bring down their public debt and also provides insights on how best to address its own current fiscal challenges. Belgium has a unique history of a long and successful large fiscal consolidation. Belgium lived through various episodes of fiscal adjustment and each one of these contains important lessons for future consolidation. After Belgium’s public debt-to-GDP reached a peak of about 135 percent in 1993, it was steadily reduced to about 84 percent by 2007.

Subject: Banking, Commercial banks, Expenditure, Export performance, Exports, Financial institutions, Fiscal consolidation, Fiscal policy, International trade, Public debt

Keywords: Bank, Bank assets, Bank default, Bank linkage, Belgium, Belgium export, Commercial banks, CR, Debt ratio, Equity price, Europe, Export, Exports, Fiscal consolidation, Global, ISCR, Middle East, Public debt debt ratio

Publication Details

Pages:

41
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/082
Stock No:

1BELEA2011002
ISBN:

9781455233083
ISSN:

1934-7685

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