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Belgium: Selected Issues Paper

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  • International Monetary Fund

Abstract

Belgium’s impressive past fiscal consolidation is an example for other countries that need to bring down their public debt and also provides insights on how best to address its own current fiscal challenges. Belgium has a unique history of a long and successful large fiscal consolidation. Belgium lived through various episodes of fiscal adjustment and each one of these contains important lessons for future consolidation. After Belgium’s public debt-to-GDP reached a peak of about 135 percent in 1993, it was steadily reduced to about 84 percent by 2007.

Suggested Citation

  • International Monetary Fund, 2011. "Belgium: Selected Issues Paper," IMF Staff Country Reports 2011/082, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/082
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=24769
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    References listed on IDEAS

    as
    1. Bernadette Biatour & Chantal Kegels, 2010. "Working Paper 14-10 - L’évolution des coûts unitaires du travail en Belgique de 1996 à 2008," Working Papers 1014, Federal Planning Bureau, Belgium.
    2. Chantal Kegels, 2009. "Working Paper 09-09 - Alternative assessment of Belgian competitiveness," Working Papers 0909, Federal Planning Bureau, Belgium.
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    Cited by:

    1. I. P. Gurova, 2020. "Regional Distribution of Foreign Direct Investment in the Russian Economy," Regional Research of Russia, Springer, vol. 10(3), pages 318-326, July.

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