Deal on 2023 and 2024 budgets
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Loading... - Tobias Collin
- 20 Oct 2022
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The deal encompasses 2023 and 2024, an election year, when such negotiations could be tricky. It involves savings worth 3.6 billion euros. By 2024 the federal budget will show a defict of only 3.2% of national output.
In recent hours the liberals were obliged to shelve their ambition of cutting the rate at which civil servant wages rise due to opposition from the coalition partners. Plans to raise the securities tax and other tax increases won’t now go ahead either meaning the government will have less cash to play with.
Cuts have had to be made in requests for extra cash for the railways and to pay for social accords for the police and civil servants. Mobility minister Gilkinet (Francophone green) had requested an extra 400 million euros a year for the railways. In the event 116 million will be released next year followed by 84 million in 2024.
The government won’t be cutting the subsidy it pays to Bpost on account of newspaper deliveries next year. The contract will be reduced by 50 million in 2024 and that is half what was planned. Read More...
