>For the year 2023, Belgium needs to make a savings effort of 0.8% of gross domestic product (GDP) – which comes to around €4 billion – to keep its overall budget deficit under control, the International Monetary Fund (IMF) said after its annual review of the Belgian economy.
>
>Belgium’s deficit is “well above pre-pandemic levels” and also well above a level that would stabilise the debt. This makes the country very vulnerable to new shocks as high debt levels limit fiscal space, which is why Belgium “needs to tighten its belt” immediately, according to the IMF team.
>
>In particular, there are “efficiency gains” to be made in public spending, said Horton, also calling for additional reforms in taxation, pensions and the labour market.
May i suggest a noose
Half our politicians’ pay and you’re already closer to the final goal. They’re useless anyways. Would sill be too much.
And when it comes round to doing this the country will be held hostage again by strikes.
Ad nauseam.
Ah the bill of the lockdowns. It’s going to hit double.
People already pushed back financially. And now you’re going to cut spending on those you pushed down? (middleclass and lower)
Just open some mines in Wallonia again. They’ll finally start working and by them being nationalized all the profits go to the state. Stonks
>The IEO found that the IMF’s ability to identify the mounting risks was hindered by a number of factors, including a high degree of groupthink; intellectual capture; and a general mindset that a major financial crisis in large advanced economies was unlikely. Governance impediments and an institutional culture that discourages contrarian views also played important roles. To address these factors, the report stresses the need to modify institutional structures and incentives to strengthen accountability and to foster better assessment of risks, candor and clarity in messages, and the ability to “speak truth to power.”
The IMF’s track record shows it is so utterly useless and incompetent an organisation, Belgium and in fact all countries around the world would probably benefit seriously if they stopped listening to it immediately.
Ce n’est qu’une manipulation comptable
I’d suggest:
1. Cut ministers and their cabinet(Such as 4-5 health ministers, 4-5 environnent ministers, etc, crazyness)
2. Cut several layers of governments.
3. Ban PS in Wallonia and BXL they’ve had enough 70 years in power.
4. Unemployment benefit should not be a career. If you do not find a job in 1 year, means you are not wanting/willing/looking.
5. Lower the debt and lower the tax burden to the working class.
6. So on an so on. Not just 4 billion but 40 billion can be saved without impacting the lives of the poor and stil conserving the social state.
Fire 50% of the public servants in Wallonia. At this point 1/3rd of their ¨work¨force works for the government. While great for PS their election results, it is not affordable. Let alone the pensions that will have to be paid to them
Belgium is not the only EU country with this problem. I read from some other article saying almost 20 out of the EU27 are in the same situation. What makes it worse is the ECB rate hiking. If growth is thinner than the rate hikes. Sooner or later there is going to be a debt crisis. Again, it will be millions of normal working people bail out the millionaires and their corporates.
he kijk, meer belastingen onderweg.
I don’t understand why media publish these neo-liberal agenda pieces and think people should take them seriously. We’ve had these kinds thought spaces direct policy and the general media discourse for decades now. When are we going to look to the recent past and think critically whether this discourse and the resulting actions actually achieve the goals they claim to set out?
IMF are scumbags
Easy, take the money from the salary of the politicans and high ranked public servants as it is after all their own failure.
The comments in this topic are horrible… We’re not there yet, but at this rate we’re becoming like Greece. Interest rates are going up so paying off the debt will become much harder.
tax workers from 55% to 69% case closed (i’m being sarcastic i am a worker i can t believe they need more money when they already tax the middle class to death :rekt:)
The Line isn’t happy, the Line isn’t going up enough these days. The Line demands austerity again and workers blood.
Easy peazy legalise and tax marijuana.
If they cant cut their salary then they are hypocrites and its actually bs
Easy.
One burgmester for the whole brussel regio. No more vlaams and wallon regio, only national governement.
Hundred of politicians disappear. Corruption fall down. Senators and governors are useful again.
Oh wait , those who could decide that are those who would lost THEIR millions.
22 comments
>For the year 2023, Belgium needs to make a savings effort of 0.8% of gross domestic product (GDP) – which comes to around €4 billion – to keep its overall budget deficit under control, the International Monetary Fund (IMF) said after its annual review of the Belgian economy.
>
>Belgium’s deficit is “well above pre-pandemic levels” and also well above a level that would stabilise the debt. This makes the country very vulnerable to new shocks as high debt levels limit fiscal space, which is why Belgium “needs to tighten its belt” immediately, according to the IMF team.
>
>In particular, there are “efficiency gains” to be made in public spending, said Horton, also calling for additional reforms in taxation, pensions and the labour market.
May i suggest a noose
Half our politicians’ pay and you’re already closer to the final goal. They’re useless anyways. Would sill be too much.
We can start by getting rid of bedrijfswagens and gain about 2.3 billion https://www.demorgen.be/nieuws/meer-dan-30-miljard-euro-subsidies-voor-bedrijfswagens-in-europa~bdca4d7b/
And when it comes round to doing this the country will be held hostage again by strikes.
Ad nauseam.
Ah the bill of the lockdowns. It’s going to hit double.
People already pushed back financially. And now you’re going to cut spending on those you pushed down? (middleclass and lower)
Just open some mines in Wallonia again. They’ll finally start working and by them being nationalized all the profits go to the state. Stonks
Given the IMF’s record of consistently causing economic chaos and stagnation (or worse) wherever it intervenes in the world (including Europe, Latin America and Asia), Belgium and Belgians really shouldn’t stress out over this. Their forecasting has been proven time and time again to be absolutely [abysmal](https://www.bloomberg.com/graphics/2019-imf-forecasts/) (by the way, even their [internal audits and their own economists recognise this](https://ieo.imf.org/en/our-work/Evaluations/Completed/2011-0209-imf-performance-in-the-run-up-to-the-financial)).
>The IEO found that the IMF’s ability to identify the mounting risks was hindered by a number of factors, including a high degree of groupthink; intellectual capture; and a general mindset that a major financial crisis in large advanced economies was unlikely. Governance impediments and an institutional culture that discourages contrarian views also played important roles. To address these factors, the report stresses the need to modify institutional structures and incentives to strengthen accountability and to foster better assessment of risks, candor and clarity in messages, and the ability to “speak truth to power.”
The IMF’s track record shows it is so utterly useless and incompetent an organisation, Belgium and in fact all countries around the world would probably benefit seriously if they stopped listening to it immediately.
Ce n’est qu’une manipulation comptable
I’d suggest:
1. Cut ministers and their cabinet(Such as 4-5 health ministers, 4-5 environnent ministers, etc, crazyness)
2. Cut several layers of governments.
3. Ban PS in Wallonia and BXL they’ve had enough 70 years in power.
4. Unemployment benefit should not be a career. If you do not find a job in 1 year, means you are not wanting/willing/looking.
5. Lower the debt and lower the tax burden to the working class.
6. So on an so on. Not just 4 billion but 40 billion can be saved without impacting the lives of the poor and stil conserving the social state.
Fire 50% of the public servants in Wallonia. At this point 1/3rd of their ¨work¨force works for the government. While great for PS their election results, it is not affordable. Let alone the pensions that will have to be paid to them
Belgium is not the only EU country with this problem. I read from some other article saying almost 20 out of the EU27 are in the same situation. What makes it worse is the ECB rate hiking. If growth is thinner than the rate hikes. Sooner or later there is going to be a debt crisis. Again, it will be millions of normal working people bail out the millionaires and their corporates.
he kijk, meer belastingen onderweg.
I don’t understand why media publish these neo-liberal agenda pieces and think people should take them seriously. We’ve had these kinds thought spaces direct policy and the general media discourse for decades now. When are we going to look to the recent past and think critically whether this discourse and the resulting actions actually achieve the goals they claim to set out?
IMF are scumbags
Easy, take the money from the salary of the politicans and high ranked public servants as it is after all their own failure.
The comments in this topic are horrible… We’re not there yet, but at this rate we’re becoming like Greece. Interest rates are going up so paying off the debt will become much harder.
tax workers from 55% to 69% case closed (i’m being sarcastic i am a worker i can t believe they need more money when they already tax the middle class to death :rekt:)
The Line isn’t happy, the Line isn’t going up enough these days. The Line demands austerity again and workers blood.
Easy peazy legalise and tax marijuana.
If they cant cut their salary then they are hypocrites and its actually bs
Easy.
One burgmester for the whole brussel regio. No more vlaams and wallon regio, only national governement.
Hundred of politicians disappear. Corruption fall down. Senators and governors are useful again.
Oh wait , those who could decide that are those who would lost THEIR millions.