Kingdom of the Netherlands-Netherlands: Selected Issues
IMF Staff Country Reports, June 19, 2002
Source details
- Canonical URL
- Kingdom of the Netherlands-Netherlands: Selected Issues
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Bibliographic details
- Published: June 19, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829365.002
Summary findings
- Over the past decade, the Netherlands has undergone a remarkable fiscal adjustment, with the deficit, the tax burden, and the expenditure-to-GDP ratio falling significantly.
- The switch from a deficit-target-based to an expenditure-target-based fiscal framework occurred in 1994.
- Commitments to two successive four-year fiscal plans have played an important role in the fiscal adjustment.
- The current multiyear framework expires in 2002.
- The Study Group on the Budgetary Margin has produced recommendations for the coming government period.
Fiscal framework, timelines, and policy implications
- Fiscal framework change: switch from a deficit-target-based to an expenditure-target-based framework in 1994.
- Multiyear framework status: current framework expires in 2002.
- Institutional support: two successive four-year fiscal plans contributed to fiscal consolidation.
- Advisory input: Study Group on the Budgetary Margin produced recommendations for the coming government period.
Subjects and keywords
- Subject: Expenditure, Financial institutions, Health, Health care, Income, Insurance, Labor, National accounts, Wages
- Keywords: break-even wage, central government, CPB simulation, CR, expenditure ceiling, GDP deflator, Health care, high'skill worker, Income, income support, Insurance, ISCR, Kingdom of the Netherlands-Netherlands, minimum wage, purchasing power, SER proposal, SER report, sick leave, wage supplement, Wages, work contract
Content in this bundle
- Kingdom of the Netherlands-Netherlands: Selected Issues - ISCR-02/123