Reaction to the National Bank’s outlook
The Belgian National Bank has just published its new outlook.
Minister of Finance, Johan Van Overtveldt: “This analysis is particularly encouraging. It is the ultimate proof that change initiatives are successful. We can see that corporate investments and employment have grown strongly. It is remarkable that economic growth implies a very high employment intensity. This is wholly clear the result of reforms such as the tax shift effort by the Belgian government. And contrary to what some doggedly continue to spread, the net disposable income of households keeps rising. That is what one earns net, after deduction of all taxes. Furthermore, a significant improvement of the government deficit and public debt is shown. The budget deficit falls from 2.5% of the gross domestic product (GDP) in 2016 to 1.2% in 2017, while six months ago, the Belgian National Bank projected a 2% deficit.”