Selected Issues Papers

The Fiscal Cost of Aging in Belgium: Pensions and Healthcare

Author/Editor:

Jean-Jacques Hallaert

Publication Date:

December 19, 2023

Electronic Access:

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Summary:

Belgium faces a fiscal consolidation challenge at a time when the fiscal cost of aging—primarily related to pension and health outlays—is mounting. Pension spending will increase relatively fast unless a combination of measures related to pension generosity and retirement eligibility are put in place. Potential efficiency gains are large in the health sector and could absorb part of the fiscal and reorganization costs related to an aging population.

Series:

Selected Issues Paper No. 2023/065

Subject:

International organization Monetary policy

Frequency:

Regular