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Sustainability of Belgian Public Finance: Challenges and Vulnerabilities


  • Joep Konings
  • Bas van Aarlen


This paper analyses Belgian fiscal sustainability using both a retrospective and a prospective view. In the retrospective part, empirical tests on Belgian government solvency during the period 1980-2010 are carried out. In the prospective part a scenario analysis of budgetary adjustment in the short and medium run under alternative hypotheses is undertaken.

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  • Joep Konings & Bas van Aarlen, 2011. "Sustainability of Belgian Public Finance: Challenges and Vulnerabilities," Working Papers VIVES Research Centre for Regional Economics 24, KU Leuven, Faculty of Economics and Business, VIVES Research Centre for Regional Economics.
  • Handle: RePEc:ete:vivwps:24

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