Belgium : Selected Issues Paper

Publication Date: April 04, 2011
Electronic Access: Free Full text (PDF file size is 1,054KB).
Use the free Adobe Acrobat Reader to view this PDF file

Summary: 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.
Series: Country Report No. 11/82
Subject(s): Banking sector | Debt sustainability analysis | Export competitiveness | Financial risk | Fiscal consolidation | Public debt | Selected issues | Sovereign debt

Publication Date: April 04, 2011
ISBN/ISSN: 9781455233083/1934-7685 Format: Paper
Stock No: 1BELEA2011002 Pages: 41
US$18.00 (Academic Rate:
US$18.00 )
Please address any questions about this title to