Belgium : Staff Report for the 2011 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

March 20, 2012

Electronic Access:

Free Full Text (PDF file size is 1496 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2011 Article IV Consultation reports that the vulnerability of Belgium’s sovereign debt to market pressures makes credible medium-term fiscal consolidation a priority. The 2012 budget includes sizable consolidation measures, and the government is committed to take additional measures as needed with the aim of reaching structural balance by 2015. In light of the weak growth prospects, automatic stabilizers should be allowed to operate freely around the consolidation path. There is a need to strengthen banking supervision and to implement the Basel III and Solvency II regulatory frameworks.

Series:

Country Report No. 12/55

Subject:

English

Publication Date:

March 20, 2012

ISBN/ISSN:

9781475502381/1934-7685

Stock No:

1BELEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

54

Please address any questions about this title to publications@imf.org