TLDR: Most income streams for the Flemish government are indexed regularly, whereas its expenditures either follow the health index ~~(which doesn’t include energy prices!)~~, are indexed differently or not at all.
This means that the Flemish government stands to receive €1.5 billion more this year than it had anticipated when it prepared the budget. This should limit the increase of its debt-to-income ratio to 82.9% instead of 90.4% by 2024.
This is true in general for everyone that has outstanding loans.
And if there is anything our government is good at, it’s taking out loans.
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TLDR: Most income streams for the Flemish government are indexed regularly, whereas its expenditures either follow the health index ~~(which doesn’t include energy prices!)~~, are indexed differently or not at all.
This means that the Flemish government stands to receive €1.5 billion more this year than it had anticipated when it prepared the budget. This should limit the increase of its debt-to-income ratio to 82.9% instead of 90.4% by 2024.
This is true in general for everyone that has outstanding loans.
And if there is anything our government is good at, it’s taking out loans.