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The Dutch fiscal consolidation package in a comparative perspective

Author

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  • Aart de Geus

    (OECD)

  • Dirk-Jan Kraan

Abstract

The pace of recovery from the financial crisis is uneven across the OECD area. This article discusses the current economic situation in OECD countries and gives an overview of the consolidation efforts currently undertaken by many governments, including the Netherlands. After exploring why fiscal deficits arise and which factors are conducive to successful consolidation, the article concludes with some normative remarks on the Dutch consolidation package in the light of considerations of political economy.

Suggested Citation

  • Aart de Geus & Dirk-Jan Kraan, 2012. "The Dutch fiscal consolidation package in a comparative perspective," OECD Journal on Budgeting, OECD Publishing, vol. 12(1), pages 1-14.
    • Handle: RePEc:oec:govkaa:5k9czxkk13lr
    DOI: 10.1787/budget-12-5k9czxkk13lr
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